Tag Archive : ownership

/ ownership

A year after All Def Digital, one of the web’s biggest Black-owned digital sites, collapsed in the aftermath of #MeToo allegations against founder Russell Simmons, the reborn company is charting a new course led by two former tech executives and backed by an ownership group that includes music and sports notables such as T.I., Killer Mike, Jason Geter, and Baron Davis.

The new ADD is moving beyond the original platform’s tight digital focus on hip hop, comedy and slam poetry. Under new CEO Cedric J. Rogers and partner Shaun Newsum, the new ADD is exploring more genres and distribution approaches. It’s also expanding relationships and programming ventures with traditional media companies, working with WarnerMedia-owned FullScreen, and Comcast
CMCSA
-backed production company Jupiter Entertainment, to beef up its programming, creator networks, brand relationships, and several new initiatives.

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By David Shepardson

WASHINGTON (Reuters) – The U.S. Supreme Court said on Friday it will take up a long-running legal dispute over whether the Federal Communications Commission (FCC) can loosen U.S. media ownership rules.

A lower court has thwarted the FCC’s efforts to revise the rules since 2003 in a series of decisions.

In 2017, the Republican-led FCC voted to eliminate a ban in place since 1975 on cross-ownership of a newspaper and TV station in a major market. It also voted to make it easier for media companies to buy additional TV stations in the same market, for local stations to jointly sell advertising time and for companies to buy additional radio stations in some markets.

The FCC said in 2003 “that the ownership rules should be substantially overhauled because they inhibit beneficial combinations between struggling traditional outlets and no longer reflect current market realities.”

The Philadelphia-based 3rd U.S.

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