Tuesday, October 1, 2024

The Roundup

Article Icon 1AT&T Selling DirecTV

Dallas-based AT&T is selling its 70% stake in DirecTV to private equity firm TPG for $7.6 billion, exiting the subscription TV market to focus on its wireless 5G and fiber optics businesses.

The move follows its 2021 sale of a 30% stake in DirecTV to TPG for $16.2 billion. AT&T acquired DirecTV for $48.5 billion in 2015.

AT&T has struggled to grow its base of TV customers in the face of stiff competition from over-the-top services like Netflix and Hulu that provide programming over an internet connection.

In a separate deal, DirecTV said it will acquire competitor Dish Network and its Sling TV service for $1 plus $9.8 billion in debt.

Article Icon 1 Flock Cameras Hit Over Privacy Issues 

The Texas Department of Public Safety issued a cease-and-desist order to surveillance company Flock Safety for installing their products at residences and businesses while operating without a private investigator’s license.

The company’s automatic license plate readers are used by law enforcement to solve crimes but have raised privacy concerns.

“They’ve implemented a massive program of spy cameras to track the movements of every law-abiding citizen that passes by a camera,” said Baytown resident Bryon Schirmbeck, who filed a complaint with DPS in May.

Flock Safety says its technology is used by over 300 law enforcement agencies across the state and is working with DPS to obtain the required certification.

Article Icon 1Coast Guard Seizes 900 Pounds of Illegal Fish

The U.S. Coast Guard seized 900 pounds of illegally caught red snapper and shark after intercepting five boats in the Gulf of Mexico on Sunday.

Twenty-three Mexican fishermen were taken into custody and transferred to Customs and Border Protection officials.

Prized for its flavor and texture, the red snapper is a bottom-dwelling fish that averages between 2-4 pounds but can reach up to 50 pounds.

Prior to last year, when Mexico joined an international treaty to combat illegal fishing, roughly 40% of the country’s red snapper catch was harvested illegally.


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The Flyover

Robert Kiyosaki just issued a new warning for 2024 – and it’s sending shockwaves across America. In a stunning announcement to his readers, the New York Times bestselling author of “Rich Dad Poor Dad” just declared:

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The White House has overseen a 40-year-high inflation… exploding credit card debt… suffocating interest rate hikes… job-killing red tape… reckless government spending… a ballooning national debt… and runaway money printing.

And these failed policies have created an “everywhere bubble” that could cost you everything you’ve saved up.

Fortunately, this little-known IRS loophole helps you move your IRA, 401(k), TSP funds, and cash out of volatile stocks and risky bank accounts, and straight into physical gold and silver. Request Your FREE WEALTH PROTECTION GUIDE TODAY!

Around Texas

➤ Austin: The Texas Stock Exchange announced its board of directors Monday at an event hosted by Gov. Greg Abbott. The Dallas-based exchange plans to register with the U.S. Securities and Exchange Commission later this year. (More)

➤ Rockwall: A missing six-month-old girl was recovered by police in Missouri on Monday with her biological parents, whose custody rights were previously removed. The Texas Department of Public Safety issued an AMBER Alert after the child went missing. (More)

➤ Ector County: A jury awarded Odessa resident Isaac Sanchez $262.5 million in damages for injuries sustained during a 2021 wreck caused by an intoxicated guest of a local bar. Sanchez was riding a motorcycle during the crash, which left him a quadriplegic. (More)

➤ Houston: Prominent attorney Tony Buzbee, who represented Attorney General Ken Paxton during his impeachment trial last year, has been hired by over 100 alleged victims of hip-hop artist Sean “Diddy” Combs, who has been charged with racketeering and sex trafficking. (More)

➤ San Antonio: A federal judge denied a request from Southwest Airlines to block the airport’s gate reassignment plan after the carrier wasn’t assigned any space in the new terminal. (See Details)

➤ The remains of Captain Ronald W. Forrester, a U.S. Marine from Odessa who went missing during the Vietnam War, have been identified and returned to the U.S. Forrester will be buried at Arlington National Cemetery on Oct. 7. (See Details)

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Texas Sports

➤ Basketball Hall-of-Famer Dikembe Mutumbo has passed away at the age of 58. The 7-foot-2 Congolese center played 18 seasons in the NBA, including his last five in Houston. (More)

➤ The Houston Astros will face the Detroit Tigers in the Wild Card round, with Game 1 of the best-of-three series scheduled for 1:30 today in Houston. (More)

➤ Houston Texans star receiver Nico Collins sits atop the NFL in total receiving yards with 489 through four games. (More)

 Yesterday’s Results: NFL | MLB | NHL

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The Business Of Texas

Medical City Plano is doubling the size of one of its towers as part of a $76 million project to meet growing demand. The expansion will add 60 patient rooms and three helipads, with completion expected by April 2026. (More)

Delta Air Lines will add five nonstop routes from Austin next year, including three—Indianapolis, Memphis, and Tampa—previously serviced by American Airlines. (See Details)

Nasdaq will open one of three new regional listings divisions in Irving, a move viewed as an effort to compete with the upcoming Dallas-based Texas Stock Exchange. The company has about 150 employees in the state. (More)

 Today is International Coffee Day! Celebrate by trying our very own Flyover Roast Coffee roasted at our favorite coffee shop right across the street from our office. We offer two exclusive single-origin coffee roasts: the Afterburner Nicaraguan Dark Roast and the Cruising Altitude Guatemalan Medium Roast, both in whole bean and ground. This coffee is how we stay fueled to bring you the best news every morning at no cost to you!   

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Et Cetera

A baby mandrill named Jasper was born at the Fort Worth Zoo last month, weighing just two pounds. His sister Ruby was born in January. (See Photos)

Three Texas restaurants made a New York Times list of the 50 best eateries in the country: Barbs B Q in Lockhart, Simply South in Irving, and Viola and Agnes’ Neo Soul Cafe in Seabrook. (More)

Coppell-based Sky Elements Drones put on a fireworks show in Mansfield with 1,200 drones over the weekend, setting a Guinness World Record. (Watch Video)

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The Polling Station

How many TV programming services do you subscribe to?

  1. One
  2. Two
  3. Three
  4. Four
  5. Five
  6. I’ve lost count
  7. None
 

Yesterday’s Results:

Did your favorite MLB team make the playoffs?

  1. I’m not a fan: 45.0%
  2. Yes: 31.6%
  3. No: 23.4%
Texas Trivia

Where in Texas can you visit the world’s largest statue of a squirrel?

Show me the answer

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