[Mariner]

The telcom infrastructure is 90% owned by AT&T, Verizon and Centurylink. They have the fiber, switches and routers.

They also own some media companies.

But MSM owns jack.

[Gene Eric]

>> But MSM owns jack.

True, I don’t normally frame it that way.

ATT & Comcast are licensed telecom operators

CNN is ATT
NBC, MSNBC, CNBC, and Axios are Comcast