FCC's Pai calls AT&T-DirecTV merger 'rate regulation'; Comcast cuts its stake in The Weather Channel

More cable news from across the Web:

> AT&T claimed its June FCC fine of $100 million is "unprecedented and indefensible." DSL Reports article

> FCC Commissioner Pai compared the FCC's conditional approval of AT&T's merger with DirecTV to rate regulation. Multichannel News article

> Comcast has cut its investment in The Weather Channel, making a regulatory filing earlier in the week valuing its stake at $86 million, a $252 million drop from the end of 2014. TV Newser article

> Time Warner Cable Business Class announced an expansion of its Business Class Phone Global Calling Plan to include calls to Israel, Romania and Thailand. Release

> Instagram ad revenues are expected to reach $2.81 billion by 2017, according to projections by eMarketer. MediaPost article

Mobile Developer News

> Facebook's new JavaScript-based framework, React Native, is changing the way developers write native apps. Article

Wireless Tech News

> Verizon and Google have jumped in for NASA's mission to manage drones and create an air traffic management system for the vehicles. Article

Wireless News

> Smartphone "kill switches" may not be as effective at preventing theft as previously thought. Article

And finally… Health-conscious Chicagoans on the city's Northwest Side will have access to Wi-Fi hot spots on Chicago's new 606 park and trail system, courtesy of comcast. Chicago Tribune article

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