Communications Services Flat Ahead of Fed Statement -- Communications Services Roundup

Published: 2026-04-28 17:30:39 ET IAC

Published on 04/28/2026 at 05:30 pm EDT

Communications-services were more or less flat as traders awaited the Federal Reserve's statement Wednesday.

T-Mobile US rose after the carrier reported better-than-expected financial results.

Federal Communications Commission Chairman Brendan Carr is planning to launch an early review of Disney's broadcast television licenses, a person familiar with his thinking said. The potential review comes one day after President Trump called for ABC late-night host Jimmy Kimmel to be fired for a joke he made at the expense of first lady Melania Trump last week on "Jimmy Kimmel Live!" which is broadcast by Disney's ABC network.

Barry Diller's IAC is cutting staff and changing its name to People as it shifts its focus to publishing operations and other physical operations such as an investment in MGM Resorts casino firm.

Swedish streaming firm Spotify Technology added premium subscribers in its first quarter as the audio-streaming platform raised prices and continued to expand its audio and video offerings.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

04-28-26 1729ET