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Disney Agrees To Buy 21st Century Fox Assets For $52.4 Billion

After weeks of mounting speculation – and a rumored competing bids by rivals Comcast Corp. and Verizon that never materialized – Disney and 21st Century Fox announced early Thursday that the former would acquire most of the latter's entertainment assets in a deal worth $52.4 billion, according to the official press release. Here's what Disney […]


New Study Says 40% Of American Households Will ‘Cut The Cord’ By 2030

Cord cutting is a topic which we discuss on a fairly regular basis, particularly over the last several quarters as the subscriber losses for cable companies have seemingly accelerated (see: Cord-Cutting Accelerates, Sends Shock Wave Across Traditional TV).  Not surprisingly, one of the biggest losers of the cord cutting phenomenon has been ESPN, a media […]


Secret Buyer Of $450 Million Leonardo Da Vinci Painting Revealed

Ever since someone paid a staggering, and record, $450 million for Leonardo Da Vinci’s “Salvator Mundi” at a Christie’s auction in November, the entire world has wanted to know just one thing: the identity of the buyer. To that end, we got a big clue this afternoon when Bloomberg reported that the Louvre Abu Dhabi […]


Nationwide Net Neutrality Protests Planned For Thursday

Last Wednesday, the Federal Communications Commission (FCC) released its plan to reverse net neutrality regulations that were put in place under the Obama administration in 2015. Net neutrality is the concept that all internet traffic should be treated equally by internet service providers (ISPs), regardless of the content that is delivered or who it was […]


Frontrunning: December 1

Tillerson, Cohn Could Leave White House in Wave of Senior Departures (WSJ) Senate grapples with tax cut plan’s impact on deficit (Reuters) Here’s Where the GOP Tax Plan Stands Right Now (BBG) Markets ignore best European factory data in 17 years (Reuters) Tax Debate Plays Out in TV Ads Targeting Key States Across U.S. (BBG) […]


Did NBC Push An Unfounded Conspiracy Theory On Behalf Of CIA?

Authored by Wayne Madsen via The Strategic Culture Foundation, Retired National Security Agency (NSA) chief technology officer William Binney is being branded as a "conspiracy theorist" by corporate media outlets, most notably, the Comcast-owned National Broadcasting Corporation, for co-authoring a controversial memo issued this past summer by a group of former intelligence officers – Veteran […]


FCC Unveils Plan To Roll Back Net Neutrality Rules

The Trump administration has just set in motion a plan to repeal virtually all of the U.S. government’s existing net neutrality rules — a move that could soon deliver a major deregulatory win to telecom/cable giants like AT&T, Charter, Comcast and Verizon.  Ironically, the move comes just as another Trump administration department, the DOJ, seems […]


Did The DOJ Just Kill All Future Hope For Mega Media Mergers?

There is no doubt that AT&T needs the Time Warner deal…badly. Their land-based distribution network, which is dependent on old copper telephone lines, is far inferior to their cable competitors which have since installed coaxial or fiber lines that supply far faster internet speeds to data-hungry homes and businesses.  Of course, just a few years […]


Frontrunning: November 16

Senate Panel Approves Tax Plan as GOP Leaders Gird for Fight (BBG) U.S. towns, cities fear taxpayer revolt if Republicans kill deduction (Reuters) After House Victory, Tax-Overhaul Fight Now Goes to Senate (WSJ) Analysts flee Wall Street with gallows humor as research changes loom (Reuters) Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig […]


How to Instantly Prove (Or Disprove) Russian Hacking of U.S. Election

It’s newsworthy that CIA head Mike Pompeo recently met with Bill Binney – who designed the NSA’s electronic surveillance system – about potential proof that the DNC emails were leaked rather than hacked. It’s also noteworthy that the usual suspects – Neocon warmongers such as Max Boot – have tried to discredit both Binney and […]


Former Yahoo CEO Mayer Blames Massive Hacks On – Who Else? – Russia

Looks like this guy’s been up to no good… In an apology that’s long overdue, considering Yahoo revealed two months ago that a series of cyberattacks that it had previously reported actually impacted all of its 3 billion user accounts, former Yahoo CEO Marissa Mayer apologized on Wednesday for a pair of massive data breaches […]


Global Markets Shaken By Sudden Equity Sell-Off: Hang Seng Crashes, VIX Surges

Has the market’s “melt-up” levitation finally ended? Of course, it could be much worse: as Bloomberg’s Paul Jarvis recalls, thirty years ago on this day traders around the globe were staring at their screens in disbelief as stock markets turned to a sea of red: the Dow, S&P 500, FTSE, DAX and CAC fell -23%, […]


Global Markets Shaken By Sudden Equity Sell-Off: Hong Kong Crashes, VIX Surges

Has the market’s “melt-up” levitation finally ended? Of course, it could be much worse: as Bloomberg’s Paul Jarvis recalls, thirty years ago on this day traders around the globe were staring at their screens in disbelief as stock markets turned to a sea of red: the Dow, S&P 500, FTSE, DAX and CAC fell -23%, […]


10 Dead, 1000s Displaced After Wildfires Engulf Napa, Sonoma And 6 Other California Counties

Update (8 pm ET): California state fire authorities are reporting that 10 people have been confirmed dead because of the wildfires that are raging in eight Northern California counties. The Sonoma County Sheriff's Office reported seven fire-related deaths late Monday. In addition, two died because of the Atlas fire in Napa County and one in […]


Wildfires Engulf Napa, Sonoma And 6 Other California Counties; More Than 20,000 Forced To Flee

Wine country is burning. Thousands of residents of Napa Valley, Sonoma and six other counties have been forced from their homes – and thousands more are preparing to flee – as 14 wildfires tear through Northern California, resisting fire fighters’ efforts to contain them. California’s fire chief says at least 1,500 homes and commercial buildings […]