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Top stories
Investors point to risk in content management policies at Facebook
As the debate continues to rage about content management at Facebook Inc., some shareholders are sounding the alarm about the risks associated with its current strategies.
OECD warns of trade war as EU threatens to press ahead with taxes on big tech
European officials responded to the Trump administration's decision to walk away from negotiations on digital services taxes, with France calling it a "provocation." If implemented, new taxes on digital services in Europe would apply to U.S. tech companies that operate there.
Chart of the day
Floyd protests loom over NFL ratings, advertising dollars
ESG
Google offers $200M for nonprofits, unveils new local search tools
Alphabet Inc.'s Google LLC pledged another $200 million to its annual Ad Grants commitment to offer a total of $1 billion to support nonprofit organizations. Google also shared updates for small businesses ahead of a companywide initiative, International Small Business Week, taking place June 22 to June 27.
Google unveils support package for black-owned businesses
Google launched an economic opportunity package worth more than $175 million to help support businesses and startups owned by black entrepreneurs as well as black job seekers and developers. The support package is part of Google's commitments in its efforts to tackle racism.
Mobile
AT&T on target to reach nationwide 5G coverage by summer, CFO says
AT&T Inc.'s 5G network now covers 160 million people in 327 markets and expects to reach nationwide coverage by summer, CFO John Stephens said.
Technology
Dell CFO says debt reduction plan on track despite pandemic uncertainties
Dell Technologies Inc. will be able to make a $5.5 billion debt payment that comes due at the end of 2020, despite market uncertainty brought by the pandemic, CFO Thomas Sweet said.
Team Telecom urges FCC to block Hong Kong undersea cable
A group of federal agencies known as Team Telecom asked the Federal Communications Commission to partially deny the Pacific Light Cable Network subsea cable system application due to national security concerns.
Top Research
US TV and radio station ad projections: COVID-19 recession, political bump
Kagan projects U.S. TV station ad revenues will decline 9.6% in 2020 with double-digit core losses mitigated by political ad growth. The radio forecast is down 15.0% with core declines partially offset by digital ad revenue growth.
AT&T TV NOW subscriber profile, 2020
About half of surveyed AT&T TV NOW customers indicated they subscribe to the service because it is either superior to or cheaper than traditional multichannel services.
KBOX Week 24: 2020 box office now down $3.2B
Most U.S. theaters have been closed for 13 weeks, the equivalent of a fiscal quarter, resulting in a $3.20 billion hole in the 2020 domestic box office gross to date.