Jessica Rosenworcel has officially been named FCC chair and appointed to a new term. (Image credit: FCC)
President Joe Biden has announced his intention to renominate acting Federal Communications Commission chair Jessica Rosenworcel as a member and chair of the agency, and to add Gigi Sohn as the third commissioner. Sohn's appointment is a breakthrough nomination as the first LGBTIQ+ member of that agency.
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With the two largest U.S. cable companies -- Comcast and Charter Communications -- expected to release third-quarter results later this week, investors are bracing for a big slowdown in broadband subscriber growth. But at least one analyst believes the decline won't be quite as jarring as some may expect.
The Federal Communications Commission's 3.45-GHz spectrum auction is now the agency's third highest-grossing spectrum auction of all time, with $19,876,808,838 in aggregate bids after round 58, pushing past the broadcast incentive auction's $19.768 billion gross proceeds total at closing back in 2017.