37.75 +0.01 (0.03%)
After hours: 5:01PM EST
|Bid||37.74 x 400|
|Ask||37.75 x 1400|
|Day's Range||37.68 - 38.16|
|52 Week Range||32.55 - 43.03|
|PE Ratio (TTM)||18.14|
|Forward Dividend & Yield||1.96 (5.14%)|
|1y Target Est||N/A|
The media landscape just got a little smaller. Disney is buying a big chunk of 21st Century Fox for $52.4 billion in stock. Porter Bibb of MediaTech Capital Partners breaks it down with Yahoo Finance's Alexis Christoforous.
The end of net neutrality won’t mean that the phone or cable company will block your favorite internet services, because the FCC didn’t repeal the laws of economics, just a rule, writes Tim Mullaney.
The Federal Communications Commission repealed the Obama-era "net neutrality" rules Thursday, giving internet service providers like Verizon, Comcast and AT&T a free hand to slow or block websites and apps as they see fit or charge more for faster speeds.
NEW YORK (AP) — The Latest on the FCC's vote on eliminating net-neutrality protections for the internet (all times local):
The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape. The approval of FCC Chairman Ajit Pai's proposal marked a victory for internet service providers like AT&T Inc (T.N), Comcast Corp (CMCSA.O) and Verizon Communications Inc (VZ.N) and hands them power over what content consumers can access. Democrats, Hollywood and companies like Google parent Alphabet Inc (GOOGL.O) and Facebook Inc (FB.O) had urged Pai, a Republican appointed by U.S. President Donald Trump, to keep the Obama-era rules barring service providers from blocking, slowing access to or charging more for certain content.
Undercutting pay-TV rivals won't be as easy as undercutting mobile rivals was for the Un-Carrier. But its track record indicates it should at least be taken seriously.
A contract dispute that saw AT&T (NYSE: T) workers walk off the job in dozens of states across the country earlier this year, marking what the union called the largest retail strike in U.S. history , has come to a close. AT&T and the Communication Workers of America said on Wednesday they have a new agreement that covers more than 20,000 wireless workers across 36 states and Washington D.C. The deal “rolls back the trends of offshoring and outsourcing,” according to a release from the CWA. The union says its workers will get a 10.1 percent raise over four years and that $2,500 will shift from commission to base pay for retail workers.
Getting bigger as Disney is doing gives it improved leverage to negotiate favorable distribution terms with cable and wireless companies, which stand to gain by the rollback of net neutrality.