Malathi's Feed
Apr 17, 2015

Verizon to offer custom pay TV with monthly programming bundles

NEW YORK (Reuters) – Verizon Communications Inc is rolling out a new pay TV plan that allows consumers to choose every month bundles of channels they want to see, hoping the flexibility will lure customers away from cable rivals and upstart Web TV companies.

The move is a small step in the direction of ‘a la carte’ programming, which means allowing customers to build their own pay TV service, channel by channel. U.S. television networks have long resisted ‘a la carte,’ in part because of concerns that subscribers will drop less popular channels.

Apr 15, 2015

Broadcast TV airwaves auction ‘on track’ for early 2016: FCC chief

April 15 (Reuters) – The U.S. Federal Communications
Commission is “on track” to hold the incentive auction of
broadcast TV airwaves in early 2016, Chairman Tom Wheeler said
on Wednesday.

The FCC will begin accepting auction applications in fall
2015, Wheeler said while speaking at the National Association of
Broadcasters Show in Las Vegas.

Apr 14, 2015

AT&T, trade groups mount court challenge to FCC Internet rules

NEW YORK (Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) and three cable and wireless trade groups filed separate lawsuits on Tuesday challenging the U.S. Federal Communications Commission over its new web traffic regulations.

AT&T is the first large telecom player to individually appeal against the FCC’s so-called “net neutrality rules.” The suit comes even as the No.2 U.S wireless company’s proposed $48.5 billion acquisition of satellite TV operator DirecTV is under FCC review.

Apr 14, 2015

Trade groups mount legal challenges to FCC’s net neutrality order

NEW YORK (Reuters) – Trade groups representing cable and wireless groups filed separate lawsuits on Tuesday challenging the U.S Federal Communications Commission’s new rules aimed at more open Internet access.

The National Cable and Telecommunications Association, CTIA-The Wireless Association and American Cable Association filed petitions in U.S. Court of Appeals for the D.C. Circuit. These follow a similar challenge by USTelecom trade group in the same court on Monday.

Apr 13, 2015

Corrected – U.S. broadband trade group challenges FCC net neutrality

By Malathi Nayak

(Reuters) – (Story corrects to change rules “took effect” to “were officially published” in paragraph 1 and changes paragraph 3 to say rules effective after 60-day period)

A U.S. trade group representing broadband providers said on Monday it filed a petition challenging the Federal Communications Commission’s recently approved net neutrality order after the rules were officially published.

Apr 13, 2015

U.S. broadband trade group challenges FCC net neutrality

By Malathi Nayak

(Reuters) – A U.S. trade group representing broadband
providers said on Monday it filed a petition challenging the
Federal Communications Commission’s recently approved net
neutrality order after the rules took effect.

USTelecom said in its filing to the U.S. Court of Appeals
for the District of Columbia that its petition “supplements” the
lawsuit it had filed in the same court on March 23.

Apr 9, 2015

Zynga CEO resigns, founder Mark Pincus steps back in

By Malathi Nayak and Sai Sachin R

(Reuters) – In an abrupt changing of the guard, Zynga has announced that Chief Executive Don Mattrick will step down and founder Mark Pincus will return to lead the company as it struggles to adapt to the changing tastes of gamers.

Zynga Inc’s (ZNGA.O: Quote, Profile, Research, Stock Buzz) shares, which have been below $5 for over a year, were down as much as 11 percent at $2.58 in extended trading following the news.

Apr 8, 2015

U.S. FCC imposes $25 mln fine on AT&T over customer data breach

NEW YORK, April 8 (Reuters) – The Federal Communications
Commission reached a $25 million settlement with AT&T Inc
over a consumer data breach at call centers in Mexico, Colombia
and the Philippines, the U.S. communications regulator said on
Wednesday.

The breaches led to unauthorized disclosure of names and
full or partial Social Security numbers and illegal access to
account information of about 280,000 U.S customers of AT&T, a
senior FCC official told reporters on a conference call.

Mar 31, 2015

Comcast to form $4 billion investment arm with CFO at helm

By Malathi Nayak

(Reuters) – Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) Chief Financial Officer Michael Angelakis will leave his position to head a new investment arm with up to $4.1 billion to invest in growth-oriented companies, Comcast said on Tuesday.

The largest U.S. cable operator will shell out $4 billion and Angelakis will invest at least $40 million with the rest coming from senior members of a team he will appoint.

Mar 26, 2015

Verizon’s online video service revenue may depend on ads: CFO

NEW YORK (Reuters) – Verizon Communications Inc may rely largely on advertising for revenue from its upcoming online video service, Chief Financial Officer Fran Shammo said in an interview.

This could set the No. 1 U.S. wireless carrier apart from rival online video services such as Dish Network Corp’s Sling TV and Sony Corp’s PlayStation Vue, which offer traditional TV content with ads and collect subscription fees.