National Security
Regulation · Issue No. XXV-I
Telecom, Media & Technology Under Trump
America's new era — examining the regulatory, competitive and policy landscape for TMT industries under the new administration.
Special.Report Editors
2025
EXECUTIVE SUMMARY
The return of the Trump administration has reset the regulatory environment for telecommunications, media and technology in ways that will shape competition, investment and innovation for years. This report examines the policy agenda, the key appointments and the implications for the industries most directly affected.
THE REPORT
The FCC, FTC and DOJ Antitrust Division under the new administration have signaled significant departures from their predecessors' approaches to merger review, platform regulation and broadband policy. Understanding the direction of travel requires examining both the stated priorities and the structural incentives that will shape regulatory decisions.
For telecom, media and technology companies, the new regulatory environment presents both opportunities and risks. Reduced merger scrutiny may enable consolidation; reduced platform regulation may relieve compliance burdens; but the administration's hostility to certain media companies and its interest in using regulatory authority as a political instrument creates a different category of risk.
