U.S. broadcasters said they’re near an agreement to share frequencies with the Defense Department, a move that could help free airwaves for use by mobile providers led by Verizon Wireless and AT&T Inc.
The Federal Communications Commission said it would consider approving transactions that increase foreign ownership of U.S. broadcasters, a move sought by companies that said it would boost investment.
The Obama administration’s plan to allocate TV stations’ excess airwaves for use by wireless Internet services received support from 112 economists at a White House event that featured Google Inc. ’s chief economist.
The U.S. Supreme Court ruled that Fox and ABC television stations can’t be punished for airing profanity and nudity a decade ago, while it dodged broader questions about the constitutionality of a federal crackdown on broadcast indecency.
The broadcast television networks, which failed to persuade a panel of federal appeals judges to shut down the Barry Diller-backed online TV service Aereo Inc., lost a bid to have the case reheard by the full appellate court.