Future of television: The Senate Commerce Committee met Tuesday to discuss the future of television and the emergence of online video.
In an opening statement, Sen. Jay Rockefeller (D-W.V.) said that he wanted to examine how the emergence of online video could be best used to improve the quality of content and lead to more consumer choice.
“Right now, the question is, how do we harness this change for the power of consumers so we can get higher quality programming at lower rates?” Rockefeller said in his opening remarks.
Cybersecurity: Concern over the Cyber Intelligence Sharing and Protection Act (CISPA) has grown, with the State Department’s Alec Ross telling The Guardian that the Obama administration opposes the bill and that “we want legislation to come with necessary protections for individuals.”
The Hill reported that Rep. Adam Schiff (D-Calif.) has plans to offer an amendment to the bill to address those privacy concerns. The amendment would take some language from the cybersecurity bill offered by Sens. Joseph Lieberman (I-Conn.) and Susan Collins (R-Maine), which has the support of the White House.
T-Mobile weighs in on Verizon spectrum: In a filing to the Federal Communications Commission, T-Mobile said that it’s opposed to Verizon’s proposed spectrum buy from cable companies.
T-Mobile executives, including chief executive and president Philip Humm, met with Rick Kaplan, the chief of the Wireless Telecommunications Bureau.
“In particular, the T-Mobile Representatives discussed the fact that, unlike T-Mobile and other wireless carriers, Verizon Wireless has not used its existing AWS spectrum in any way in the six years it has held the licenses, and that the instant transactions would add even more AWS spectrum to Verizon Wireless’ unused spectrum inventory,” the company said in its filing.
Facebook passes 900 million users: Facebook released an amended S-1 filing with the Securities and Exchange Commission, sharing that the social network had passed the 900 million mark for monthly active users. In three months, the company added 103 million daily users to the ranks of its daily active users.
Facebook’s revenue was down from the past quarter, though still showed a year-over-year improvement with $1.06 billion in revenue. The filing also detailed the company’s acquisition of Instagram, for which it paid 23 million shares of the social network’s common stock and $300 million in cash.
Netflix slams Comcast in earnings letter: In a letter to its investors, Netflix outlined its opposition to Comcast’s policy regarding data caps and accused the cable provider of not respecting net neutrality.
Netflix chief executive Reed Hastings and chief financial officer David Wells said the cable company’s decision to impose its data caps on apps such as Netflix, Hulu and HBO Go on the Xbox, but not to its own Comcast Xfinity App. Hastings had publicly criticized Comcast’s policy last week, saying that it violates the principle of net neutrality.
“Comcast could raise the cap and make it apply equally or just eliminate the caps. Net neutrality principles mean a level playing field for all Internet applications,” the letter read.