Federal Trade Commission Chairman Joseph Simons during a hearing Thursday confirmed that the agency has the "resources and capability" to enforce net neutrality regulations. Simons also noted that Federal Communications Commission Chairman Ajit Pai has offered to provide the FTC with resources -- namely technical resources -- to assist in their oversight.
Meg James and Stephen Battaglio discuss the rise of CBS CEO Leslie Moonves in light of CBS' recent battle with the Redstone family over a potential merger with Viacom. Should Moonves exit the company, several key executives may depart as well, with TV consultant Preston Beckman noting, "If Les left, that would leave a good big hole."
The House on Friday voted down a farm bill that included a $600 million allocation for expanding rural broadband. The future of the bill is unclear after the 198-213 vote to reject it in its current form.
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A report from Kagan has revealed that many consumers are engaging in cord-switching, or shifting to streaming services such as DIRECTV Now and Sling TV. Nonetheless, recent Nielsen data revealed that 93% of households with a streaming service still watch traditional TV, with the report noting, "As the average American now has more ways than ever to view content, the resilience of traditional programming is impressive in today's digital age."
Qualcomm says it will adopt the Wi-Fi Alliance's newly written WPA3 standard this summer on its mobile and Wi-Fi networking products. The new specification is designed to protect users even when their passwords are weak.
Spectrum Enterprise Executive Vice President Phil Meeks has put out an industrywide call for communications service providers to install more fiber to increase bandwidth for industries such as health care, retail and banking. Spectrum plans to spend $1 billion on its fiber initiative this year.
Facebook has invested $22.9 million so far on its apologetic national TV campaign, with 599 broadcasts of its "Here Together" spot from the start of April to May 17, per iSpot.TV. In 2017, the platform invested $12.1 million in national TV ads.
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