WHY THIS MATTERS:Late last week Viacom, which like CBS is controlled by the family of media mogul Sumner Redstone, sent a letter to CBS asking CBS to raise its offer to 0.68 shares of CBS stock for each Viacom share, from its original offer of 0.55 shares.
WHY THIS MATTERS:NAB president Gordon Smith called on broadcasters to envision a world remade by new broadcast technology, one aided by NAB lobbying gains in recent months, as well as to envision a world without broadcasting.
WHY THIS MATTERS:A host of online privacy groups filed a complaint with the FTC against YouTube and parent, Google, seeking potentially tens of billions of dollars in fines for what they say has been the company's collection and sharing of children's information in violation of federal law.
By Armstrong Williams, manager / sole owner of Howard Stirk Holdings I & II Broadcast Television Stations
Broadcasters in America are in the fight of their lives. They face fierce and unprecedented competition not only from pay television and the big five networks but also from a new cast of internet video providers. As one of the nation's most heavily regulated industries, free over-the-air broadcasters are battling not only for audiences but also for advertising dollars, both of which are waning.