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DISH unhappy with Nexstar/Tribune deal; AT&T CEO weighs in on Huawei


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DISH unhappy with Nexstar/Tribune deal; AT&T CEO weighs in on Huawei

Top News

* DISH Network Corp. requested the U.S. Federal Communications Commission to stop Nexstar Media Group Inc. from buying Tribune Media Co. television stations, Broadcasting & Cable reports. In a petition with the FCC, DISH raised concerns regarding the size of the new company and how the potential deal could hurt "localism and consumers."

* AT&T Inc. CEO Randall Stephenson said Huawei Technologies Co. Ltd. is making it harder for European carriers to choose a different supplier for their next-generation 5G wireless services, Reuters reports. Stephenson said the Chinese electronics giant is not allowing interoperability to 5G, meaning if a carrier used Huawei for its 4G network then they are "stuck with Huawei for 5G."

* The chairman of ACA - America's Communications Association said he is concerned about the impact that reallocating certain mid-band for 5G would have on some broadcasters, and he urged policymakers to look into it more.

Internet & OTT

* Evaldas Rimasauskas pleaded guilty to defrauding more than $100 million from Alphabet Inc.'s Google LLC and Facebook Inc., The Wall Street Journal reports. According to prosecutors in the Southern District of New York, Rimasauskas pleaded guilty to one count of wire fraud in relation to an elaborate scheme that tricked the tech giants into wiring millions of dollars into foreign bank accounts between 2013 and 2015. Rimasauskas will forfeit about $49.7 million.

* The European Commission has imposed a €1.49 billion fine against Google for anti-competitive practices on its AdSense for Search platform. The commission said the Alphabet unit abused its market dominance by placing restrictive clauses in contracts with third-party websites that barred its rivals from placing search advertisements on them.

* Netflix Inc. tapped Lisa Nishimura to be vice president of independent film and documentary features, Variety reports. Nishimura, who previously was vice president of original documentary and comedy programming, will now oversee independent film, English and non-English documentary features, documentary shorts and limited documentary series. Brandon Riegg, vice president of unscripted originals, has added oversight of the comedy teams that are being led by Robbie Praw on the stand-up side and Ben Cavey in unscripted comedy.

* Netflix has green-lighted a comedy series from Mindy Kaling. Inspired by Kaling's own childhood, the 10-episode series is about the complicated life of a modern-day first-generation Indian American teenage girl, the company said.


* The American Cable Association has changed its name to ACA - America's Communications Association. The trade organization represents more than 700 small and medium-sized independent communications companies.


* Cloud gaming is still a nascent market, and it might be many years before the chipmakers and telecom providers get meaningful returns on their investments, analysts said. In cloud gaming, graphics will be rendered in data centers and delivered to client devices.

Data analytics

* Nielsen Holdings PLC signed a national and local TV ratings measurement deal with Univision Communications Inc. Under the multiyear agreement, all Univision networks will have continued access to Nielsen's suite of measurement and analytics services, the company said.

The day ahead

Early morning futures indicators pointed to a mixed opening for the U.S. market.

In Asia, Hang Seng declined 0.85% to 29,071.56. In Europe, around midday, the FTSE 100 was up 0.62% to 7,335.92, and the Euronext 100 rose 0.03% to 1,044.26.

On the macro front

The jobless claims report, the Philadelphia Fed Business Outlook survey, the leading indicators report, the quarterly services survey, the EIA natural gas report, the Fed balance sheet and the money supply report are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

Featured news

The Daily Dose Europe: Google fined €1.49B by EU over online ads; KPN, Huawei near 5G deal: The European Commission slapped a €1.49 billion antitrust fine against Google regarding its online advertising platform, while Dutch operator KPN NV is close to sealing a 5G network deal with Chinese telecom-equipment maker Huawei.

The Daily Dose Asia-Pacific: Tencent, Alibaba eyeing Temasek's stake in A.S. Watson; Megvii plans US$800M IPO: Tencent Holdings Ltd. and Alibaba Group Holding Ltd. are considering buying a portion of Temasek Holdings (Pte.) Ltd.'s stake in health and beauty retailer A.S. Watson Retail (HK) Ltd., while Beijing-based artificial intellignce startup Megvii Technology Ltd. is looking to raise up to US$800 million in an IPO.

The Program Guide: 'Veep' ending after season 7; Netflix to double down on interactive storytelling: HBO (US) renewed comedy series "High Maintenance" for a fourth season, while Netflix will be "doubling down" on interactive storytelling over the next couple of years following the success of "Black Mirror" spinoff "Bandersnatch."

Spotify files antitrust complaint against Apple; MTG agrees to sell NOVA stake: Spotify Technology SA filed an anti-competition complaint against Apple with the European Commission. Swedish entertainment company Modern Times Group agreed to sell its 95% stake in Bulgaria-based NOVA Broadcasting Group AD to Advance Media Group Inc.

Hires and Fires: Former US House leader joins Fox Corp.'s board; EchoStar increases board size: EchoStar Corp. increased the size of its board to nine members from eight, while Fox Corp. announced the appointment of several new directors.

Netflix tests higher pricing in Italy; Rakuten TV to expand across Europe: Streaming giant Netflix is testing a higher price for its premium subscription tier in Italy, while e-commerce company Rakuten Inc. is planning to offer its movie streaming service Rakuten TV in 42 European countries.

Featured research

Technology: Update: OTT vendors in use: Kagan has updated its over-the-top vendor-in-use product. Presented in this update are more than 700 OTT service providers operating in 50+ countries and more than 150 vendors.

Economics of Internet: State of Thai online video: Subscription: Over-the-top players continue to stake claims in Thailand, with the next stage of success focusing on sustaining subscribers through local original offerings and wider distribution.

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