BUSINESS
January 23, 2012 | Bloomberg News
Sen. Charles E. Grassley said hedge fund billionaire Philip Falcone and a telecommunications executive implied that they wanted a weaker inquiry into the U.S. handling of Falcone's LightSquared Inc. wireless venture. Statements by the men "implied an invitation to pull punches in my investigation," Grassley, an Iowa Republican, said in a letter to Falcone that was distributed electronically Monday. "I won't be part of that. " Grassley is reviewing whether authorities improperly accelerated the Reston, Va., company's partial approval last year.
BUSINESS
December 13, 2011 | By Joe Flint, Los Angeles Times
Excessively loud television commercials should be a thing of the past, thanks to the Federal Communications Commission. Responding to years of complaints that the volume on commercials was much louder than that of the programming that the ads accompany, the FCC on Tuesday passed the Commercial Advertisement Loudness Mitigation Act to make sure that the sound level is the same for commercials and news and entertainment programming. "Most of us have … experienced this ourselves: You're watching your favorite television program, or the news, and all of a sudden, a commercial comes on, and it sounds like someone turned up the volume — but no one did. Today, the FCC is quieting a persistent problem of the television age: loud commercials," FCC Chairman Julius Genachowski said in a statement.
BUSINESS
December 2, 2011 | By Jim Puzzanghera, Los Angeles Times
AT&T Inc. blasted a government report criticizing its proposed $39-billion purchase of T-Mobile USA, accusing federal regulators of ignoring key facts and distorting others in findings that were one-sided. In a lengthy, detailed rebuttal on AT&T's public policy blog, a top executive argued that the staff of the Federal Communications Commission - and, by implication, FCC Chairman Julius Genachowski - was predisposed to reject the deal and that it advocated that position by publicly releasing the report this week.
BUSINESS
November 30, 2011 | By Jim Puzzanghera, Los Angeles Times
Federal regulators allowed AT&T Inc. to withdraw its proposed $39-billion takeover of T-Mobile USA from their approval process, but they also dealt a further blow to the teetering deal. The Federal Communications Commission released a 157-page report Tuesday detailing the agency's staff findings that the purchase was not in the public interest. The staff report concluded that the combination of two of the nation's largest wireless providers — AT&T ranks second in subscribers and T-Mobile is fourth — would harm competition through "an unprecedented increase in market concentration.
BUSINESS
November 25, 2011 | By Tiffany Hsu and Jim Puzzanghera, Los Angeles Times
The end might be near for AT&T Inc.'s proposed $39-billion purchase of T-Mobile USA Inc. Facing growing opposition, telecommunications giant AT&T announced Thursday that it is withdrawing its merger plan from further consideration by the Federal Communications Commission. Instead, it said it would concentrate first on winning approval from the U.S. Justice Department, which sued to stop the purchase. And, in case the deal collapses, the company said it's setting aside $4 billion it would owe in breakup fees to T-Mobile's German owner, Deutsche Telekom.
BUSINESS
November 9, 2011 | By Alexa Vaughn, Los Angeles Times
The Federal Communications Commission is launching a $4-billion program to narrow the digital divide by making high-speed Internet access and computers more affordable for more than 25 million mainly low-income Americans. The FCC said a public-private partnership, which includes major broadband and computer companies and nonprofits, will make "the biggest effort ever" across the nation to help poorer citizens as well as rural residents, seniors and minorities obtain broadband access.