AT&T agreed Sunday to buy DirecTV for about $48.5 billion in yet another mammoth deal in the pay-TV space this year that would immediately boost the telecom giant’s customer base at a time of confounding industry challenges.
The merger, which both boards approved Sunday, is the latest evidence of TV-industry consolidation, one born of telecommunications companies’ desire to amass customers and control content and delivery. With streaming and wireless technology upending the industry, cable and satellite service providers are rushing to add product options while boosting revenue per customer to please shareholders. Continue reading “AT&T buys DirecTV for $48.5 billion”

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Lost in America
Harris County Commissioners hired Texas’ premiere appraisal expert to investigate whether Harris County Appraisal District is fairly assessing home owners and commercial properties. Harris County Commissioners noticed a disturbing pattern of deep discounts in commercial properties they were purchasing at condemnation for right-of-way (or roads). There was a perception that the assessed value set by Harris County Appraisal District (HCAD) was often only 35 to 65% of the purchase price when they were purchasing commercial property. They hired appraisal expert Ted Whitmer to determine the market value of a number of large commercial properties in Harris County.
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