Ownership

Facebook has moved more than 1.5 billion users out of reach of European privacy law, despite a promise from Mark Zuckerberg to apply the “spirit” of the legislation globally. In a tweak to its terms and conditions, Facebook is shifting the responsibility for all users outside the US, Canada and the European Union from its international HQ in Ireland to its main offices in California. It means that those users will now be on a site governed by US law rather than Irish law.

Time Warner chief executive Jeff Bewkes denied that AT&T will raise the price of TV channels such as CNN and TBS as a result of the two companies' $85 billion merger, calling the Justice Department's landmark case to block the deal "ridiculous."  "I think it's ridiculous," he said.

One of the brothers who control Sinclair Broadcasting has donated more than $10,000 to Rep Greg Gianforte (R-MT), the congressman who assaulted a journalist and then lied to police about it. Robert E Smith, whose company is the biggest owner of television stations in the US, gave a maximum $5,400 campaign contribution to Rep Greg Gianforte. He did the same in 2017.

More than 30 high-tech companies, led by Microsoft and Facebook, announced a set of principles that included a declaration that they would not help any government — including that of the United States — mount cyberattacks against “innocent civilians and enterprises from anywhere, reflecting Silicon Valley’s effort to separate itself from government cyberwarfare.

As Facebook has taken it on the chin over the way it has handled the personal information of its users, the leaders of other tech companies have demonstrated that even in publicity-hungry Silicon Valley, it is entirely possible for billionaire executives and their sprawling empires to keep a low profile.

Michael Ferro, who resigned recently as chairman of Chicago-based newspaper chain Tronc, has struck a deal to sell his entire stake in the company, according to a filing with the Securities and Exchange Commission. Ferro, who owned more than 25% of Tronc -- the parent of the Los Angeles Times, Chicago Tribune and other newspapers -- agreed to sell his more than 9 million shares at $23 per share, or $208.6 million, to McCormick Media, pending approval by regulators.

Under Chairman Ajit Pai, the Federal Communications Commission has set an aggressive agenda of relaxing or wholly scrapping rules intended to limit the influence of nationwide broadcasters and to keep media consolidation at bay.

The tech industry’s engineers and entrepreneurs saw the Facebook hearings as more than just the grilling of one of its stars.  To them, the congressional criticism against Facebook chief executive Mark Zuckerberg felt like a referendum on the industry itself and on the social network’s growth-at-any-cost playbook that hundreds of start-ups have sought to emulate over the last decade — and that some have turned against.

After tackling U.S. lawmakers, Mark Zuckerberg is now taking on one of England’s oldest and most prestigious academic institutions amid a widening probe into the misuse of Facebook user data.  During his U.S. congressional testimony, the Facebook chief executive officer said his company was questioning “whether there was something bad going on at Cambridge University overall that will require a stronger reaction from us.” Representatives for Facebook did not elaborate on what a "stronger reaction" might mean.

After some 10 hours of testimony and questions from almost 100 politicians, we finally learned some things from Facebook CEO Mark Zuckerberg this week. Just some things. But are we any closer to a regulatory solution? Probably not so much. Still, this week marked an important moment in the on-going debate about privacy in the Digital Age.