National / International News
Presidents Vladimir Putin of Russia and Francois Hollande of France were among those who attended a ceremony in the Armenian capital. German lawmakers vote to call the event "genocide."
Cable giants Comcast Corporation and Time Warner Cable are ditching out of their planned merger amidst a heap of regulatory scrutiny.
Combined, Comcast and Time Warner Cable would have had about 30 percent of the pay TV market and more than 50 percent of the broadband market.
Regulators worried that would thwart competition and mean higher prices for consumers.
“All that scale would give Comcast enormous discretion over what reaches Americans, what Americans pay, information flows, customer service—really unlimited power,” says Susan Crawford is co-director of the Berkman Center for Internet and Society at Harvard University.
Crawford also says President Barack Obama's push to have broadband providers regulated like utilities signaled the government would step up its scrutiny.
But Forrester Research analyst James McQuivey thinks regulators are taking an overly narrow view. He doubts a Comcast/Time Warner Cable merger would've kept other players out of the lucrative broadband market.
“Because broadband is going to generate billions of dollars of revenue and billions of dollars of profit in the next ten years, broadband competition is going to happen,” says McQuivey.
McQuivey says that means companies like Google, Amazon and even Facebook could eventually be motivated to enter the fray.
The Comcast and Time Warner Cable deal is officially off. More on that. Plus, it's been two years since a terrible collapse of a clothing factory in Bangladesh, killing more than 1,100 workers. Among the findings was that workers there had recognized things were wrong with the building a day before the collapse, but factory owners demanded the workers go back in. There have been various moves to improve working conditions in the years since, and one of the key recommendations was to make it easier to set up unions in Bangladesh. Now, the questions remains: if they had been given a stronger voice, the workers might have been able to refuse to go back into the building.
It's time for Silicon Tally! How well have you kept up with the week in tech news?