Ownership

Sinclair Broadcast Group has reached deals to sell nearly two dozen television stations as it works to get regulators to sign off on its purchase of Tribune Media. Sinclair said that the move to sell the 23 stations in 18 markets, some of which are owned by Sinclair and some by Tribune, was needed to obtain government approval for the $3.9 billion purchase of fellow television-station owner Tribune.

The AT&T-Time Warner merger could end up costing consumers less money than what some earlier estimates suggest, the government's star witness admitted in federal court as he clashed repeatedly with company lawyers over key figures in his economic analysis of the deal. Instead of paying a minimum of 27 cents more per month on their bills as a result of the deal, TV subscribers could conceivably pay a smaller premium of at least 13 cents a month more — a downward revision in the projections of Carl Shapiro, an economist at the University of California–Berkeley.

The Securities and Exchange Commission announced that the entity formerly known as Yahoo! Inc.

Facebook handed over data, with no strings attached, to the man it now blames for the Cambridge Analytica scandal. That was the testimony Aleksandr Kogan — the data scientist behind the app that harvested information from 87 million Facebook accounts — gave to a committee of lawmakers in Britain on April 24.

Google parent Alphabet posted surging profits as advertisers kept swarming to the search giant amid a global debate about internet privacy that threatens to affect its main revenue generator. Alphabet’s earnings also got a multibillion-dollar boost from the company’s stakes in startups including Uber but were tempered by the costliest spending spree in its 14-year history as a public company. Net profit jumped 73% to $9.4 billion in the first quarter, up from $5.4 billion in the same period in 2017, a performance that highlights the firm’s huge lead in the global market for online ads.

[Commentary] Americans should have rights to and control over their data. If we don’t like a service, we should be free to move our data to another. The same network effect that creates value for people on Facebook can also lock them into Facebook’s walled garden by creating barriers to competition. People who may want to leave Facebook are less likely to do so if they aren’t able to seamlessly rebuild their network of contacts, photos, and other social graph data on a competing service or communicate across services.

Facebook for the first time published its 27 page of guidelines it calls Community Standards which gives to its workforce of thousands of human censors. It encompasses dozens of topics including hate speech, violent imagery, misrepresentation, terrorist propaganda and disinformation. Facebook said it would offer users the opportunity to appeal Facebook's decisions.  Facebook’s vice president of global policy management, Monika Bickert, explained that the company decided to make the standards public for two reasons.

[Commentary] One phrase that keeps being tossed around: "Facebook should be treated like a utility." The idea is that the use of Facebook has become effectively essential to modern life, and therefore it should be regulated just like water or electricity. Let's get this right: Facebook is not a utility. It is an app. It may be a dominant app. It may even be exercising monopoly power unfairly. But it is not a utility, and muddying the definitional waters this way will only help the real utilities—like Comcast, Spectrum, AT&T, Verizon, and CenturyLink—avoid genuine oversight.

In Europe and the United States, the conventional wisdom is that regulation is needed to force Silicon Valley’s digital giants to respect people’s online privacy. But new rules may instead serve to strengthen Facebook’s and Google’s hegemony and extend their lead on the internet. That’s because wary consumers are more prone to trust recognized names with their information than unfamiliar newcomers.