Financial Times

Facebook has won the backing of European Union courts after the European Court of Justice dismissed a potential class action lawsuit from Austrian privacy activist Max Schrems.  The EU’s highest court ruled that Schrems — a dogged campaigner against Facebook’s handling of users’ personal data — could not bring a consumer lawsuit on behalf of 25,000 Facebook users for alleged privacy breaches. Instead, the ECJ said Schrems could only file an individual case against Facebook for allegedly illegally handling data relating to his personal Facebook account in Austria.

The UK's Competition and Markets Authority decided that Rupert Murdoch’s £11.7 billion bid to take full control of Sky would concentrate too much power in the media mogul’s hands, giving the Murdoch family “too much control over news providers across all media platforms, and therefore too much influence over public opinion and the political agenda”.  Walt Disney will have to decide whether to take full control of Sky when it completes its proposed $66 billion takeover of the entertainment assets owned by Murdoch’s 21st Century Fox group.

Australia’s competition watchdog has begun an investigation into the market power of Facebook, Google and other digital platforms to determine if they are harming the media and advertising industries. The probe follows an order by the government of a formal inquiry into the internet giants’ impact on the industry, as part of a shake-up of media laws in September.

Google and Facebook are set to attract 84 percent of global spending on digital advertising, excluding China, in 2017, according to a forecast from GroupM, the WPP-owned media buying agency, underscoring concerns that the two technology companies have become a digital duopoly. The research predicts that total global ad spending will increase by about $23 billion, or 4.3 percent, in 2018.