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April 18, 2020 11:34 pm
ICANN Delays
Ars Technica reports:ICANN, the nonprofit that oversees the Internet's domain name system, has given itself another two weeks to decide whether to allow control of the .org domain to be sold to private equity firm Ethos Capital. The decision comes after ICANN received a blizzard of letters from people opposed to the transaction, including California Attorney General Xavier Becerra. Becerra's letter was significant because ICANN is incorporated in California. That means it's Becerra's job to make sure that ICANN is living up to the commitments in its articles of incorporation, which promise that ICANN will operate "for the benefit of the Internet community as a whole." Becerra questioned whether ICANN was really doing that. "There is mounting concern that ICANN is no longer responsive to the needs of its stakeholders," he wrote... Ethos Capital's plan is to buy the Public Interest Registry (PIR) from its current parent organization, the nonprofit Internet Society. To help finance the sale, Ethos will saddle PIR with $300 million in debt — a common tactic in the world of leveraged buyouts. Becerra warns that this tactic could endanger the financial viability of the PIR — especially in light of the economic uncertainty created by the coronavirus. "If the sale goes through and PIR's business model fails to meet expectations, it may have to make significant cuts in operations," Becerra warns. "Such cuts would undoubtedly affect the stability of the .org registry." Becerra also blasts the Internet Society for considering the sale in the first place. "ISOC purports to support the Internet, yet its actions, from the secretive nature of the transaction, to actively seeking to transfer the .org registry to an unknown entity, are contrary to its mission and potentially disruptive to the same system it claims to champion and support," he writes. Becerra ends his letter with a warning: "This office will continue to evaluate this matter, and will take whatever action necessary to protect Californians and the nonprofit community." ICANN's first CEO Michael Roberts, and original board chair Esther Dyson also harshly criticized the proposed sale this week, calling it "totally inappropriate..." "ICANN has not meaningfully acted to address the likely proposed service cuts, increase in prices or trafficking of data of non-profits to obtain additional revenue." 
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/PcW_r_fbhOk/icann-delays-org-sale-after-scathing-letter-from-californias-attorney-general
ICANN Delays .Org Sale After Scathing Letter from California's Attorney General
Ars Technica reports:ICANN, the nonprofit that oversees the Internet's domain name system, has given itself another two weeks to decide whether to allow control of the .org domain to be sold to private equity firm Ethos Capital. The decision comes after ICANN received a blizzard of letters from people opposed to the transaction, including California Attorney General Xavier Becerra. Becerra's letter was significant because ICANN is incorporated in California. That means it's Becerra's job to make sure that ICANN is living up to the commitments in its articles of incorporation, which promise that ICANN will operate "for the benefit of the Internet community as a whole." Becerra questioned whether ICANN was really doing that. "There is mounting concern that ICANN is no longer responsive to the needs of its stakeholders," he wrote... Ethos Capital's plan is to buy the Public Interest Registry (PIR) from its current parent organization, the nonprofit Internet Society. To help finance the sale, Ethos will saddle PIR with $300 million in debt — a common tactic in the world of leveraged buyouts. Becerra warns that this tactic could endanger the financial viability of the PIR — especially in light of the economic uncertainty created by the coronavirus. "If the sale goes through and PIR's business model fails to meet expectations, it may have to make significant cuts in operations," Becerra warns. "Such cuts would undoubtedly affect the stability of the .org registry." Becerra also blasts the Internet Society for considering the sale in the first place. "ISOC purports to support the Internet, yet its actions, from the secretive nature of the transaction, to actively seeking to transfer the .org registry to an unknown entity, are contrary to its mission and potentially disruptive to the same system it claims to champion and support," he writes. Becerra ends his letter with a warning: "This office will continue to evaluate this matter, and will take whatever action necessary to protect Californians and the nonprofit community." ICANN's first CEO Michael Roberts, and original board chair Esther Dyson also harshly criticized the proposed sale this week, calling it "totally inappropriate..." "ICANN has not meaningfully acted to address the likely proposed service cuts, increase in prices or trafficking of data of non-profits to obtain additional revenue." Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/PcW_r_fbhOk/icann-delays-org-sale-after-scathing-letter-from-californias-attorney-general
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