Since taking a controlling ownership in Sprint, Japanese telecom company SoftBank has made no attempt to hide the lust it has in its heart for fellow wireless company T-Mobile USA. Since then, federal regulators have basically told SoftBank to put its ardor on ice because there is already too little competition in the wireless market. But SoftBank may have a trick up its sleeve, coming at the deal through the lens of a market that is even less competitive — broadband. [More]
It’s been nearly three years since a U.S. District Court first ordered Wells Fargo to pay out $203 milllion in refunds to settle a class-action suit involving the bank’s overdraft policies. Since then, the bank got a U.S. Circuit Court of Appeals to set aside that mountain of cash, saying California law can not override federal banking laws. Now the original District Court judge is once again ordering the bank to fork over the $203 million. [More]
Jack thought he was getting a good deal when he signed up for $15/month DSL service from AT&T seven months ago. But in the short time since, he’s experienced a full month’s worth of outages and has quickly tired of constantly dealing with AT&T’s tech support (or lack thereof). Luckily, Jack reads Consumerist and was able to employ some tactics he’s learned over the years… and end up saving $140 in the process. [More]
We receive a ton of e-mails from Comcast customers (and customers of all cable/internet/phone companies) about having to spend multiple days waiting for techs to install or fix their service. But most stories end — either happily or with the customer just giving up — around the third or fourth visit. That’s why we were so blown over by the story of one customer in Washington state whose ordeal with the reigning Worst Company In America has gone on for over four years. [More]
Media conglomerates are preparing to feast on a banquet of local media outlets thanks to a resurrected proposal from FCC Chairman Kevin Martin. The Chairman wants to relax decades-old rules that bar media companies from owning both a newspaper and TV or radio station in the same local market. A similar proposal was presciently struck down three years ago by the Third Circuit Court of Appeals.
“Currently, a company can own two television stations in the larger markets only if at least one is not among the four largest stations and if there are at least eight local stations. The rules also limit the number of radio stations that a company can own to no more than eight in each of the largest markets.