WHY THIS MATTERS:TV networks will sell the bulk of their advertising inventory during the upfront, setting a financial tone for the new broadcast season.
In 2015, Tom Wheeler's Federal Communications Commission (FCC) proposed that the Title II provision of the 1934 Communications Act applied to the internet. In short, the FCC considered the internet a public monopoly and, by extension, should be subject to the 80-year-old policies designed to regulate the telephone monopoly, Ma Bell.