I’m currently watching a wonderful new show called “The Marvelous Mrs. Maisel,” on Amazon Prime. It’s a comedy about a recent divorcee in Manhattan in the early 1960s who decides to become a stand-up comedian. As I’m watching the show my thoughts drift to the magnitude of difference between the fictitious Midge Maisel watching Bob Newhart on her 1960s-era television and my present day Sunday night viewing experience.
In the first major transaction approval under Ajit Pai’s Chairmanship, the Federal Communications Commission (“FCC”) recently approved, subject to targeted, transaction-specific conditions, license and authorization transfers in connection with CenturyLink’s $34 billion acquisition of Level 3. The FCC’s recitation of its merger review standard in its order (the “CenturyLink-Level 3 Order”) differed somewhat from the description of the standard used in recent transactions reviewed during the Obama administration. The Commissioners’ separate statements debated whether the new formulation merely clarified the FCC’s existing standard or constituted a substantial alteration of the
Joshua Gans presented his new book, “The Disruption Dilemma“, at a seminar organized jointly by Hogan Lovells, and the Innovation and Regulation Chair of Telecom ParisTech and the Ecole Polytechnique. Gans was joined in the debate by Nicolas Curien, Professor of Economics and Commissioner at France’s audiovisual regulatory authority (CSA), Eric Paroche, competition partner at Hogan Lovells, and Marc Bourreau, Professor of Economics at Telecom ParisTech. What is disruption, and what makes a firm “disruptive”? Gans describes why incumbent firms may not propose a new disruptive technology to its customers