Shari Redstone is still interested in a merger between CBS and Viacom, sources say. Also, CBS is reportedly planning to propose that several board members be replaced, and Redstone is looking at potential candidates.
A group of senators is pushing for President Donald Trump to include rural broadband funding in his infrastructure plan. The bipartisan group says that expanding rural broadband will help bridge the digital divide and improve growth and economic activity in those areas.
Verizon has renewed its deal with the NBA for two years to continue livestreaming games across mobile devices and Yahoo and access out-of-market live games. The companies will also work together to create original content and will test out new formats, such as virtual reality.
Cable One's GigaONE gigabit broadband service is available in over 200 communities, which covers over 95% of its legacy footprint, the company announced. The company has invested over $700 million to enhance and upgrade its network over the past five years.
FairPoint Communications' name will soon be history as the regional telecom is rebranded under its new parent company. Consolidated Communications, which purchased FairPoint last summer in a $1.3 billion stock deal, plans to upgrade FairPoint systems in northern New England under terms of its agreement with state regulators and will extend its cloud product to FairPoint markets.
Verizon will pick up a one-time profit gain of $4.10 per share under the recently enacted tax law, the telecom said in a filing Wednesday, citing a roughly $16.8 billion reduction in deferred tax liabilities. The company attributed most of the deferred tax liabilities to investments in wireless spectrum and network infrastructure.
Incoming Marketron CEO Michael Collins discusses Diversis' purchase of Marketron and what it could mean for the radio industry. Collins also touches on plans to evolve the company's product offerings, saying, "Immediate focus will be on better integration of our digital products, improved data access and streamlined user experience."
Nielsen is investing millions of dollars to improve local media measurement, says Managing Director of Local Client Solutions Jeff Wender. Measurement tactics include using PPM technology for TV to more accurately track in-home and out-of-home viewing habits; Nielsen also plans to use data from set-top boxes.
Sinclair Broadcast Group, Univision and Nexstar Media Group are partnering with American Tower Corp. to build and launch a single-frequency network in Dallas. The network will be used for testing, validating and deploying Next Gen TV broadcasting.