Media stocks have outperformed the market since the inauguration of Donald Trump, with TV station owners led by Sinclair Broadcasting pacing the sector.
The FCC's new chief laid out the case for rolling back regulations that classify broadband as a utility in a much-watched speech in Washington, D.C. on Wednesday.
Facebook and Google are said to be the two companies at the heart of a multi-million dollar accounting scam.
Netflix already reported quarterly results and set an all-time intraday high this week. Amazon, Alphabet report after the close today. Apple, Facebook, Tesla wrap up MOJO earnings next week.