As tech companies try to make amends with publishers, Google changes its search engine to address an old complaint.
Jimmy Pitaro said today: “I have no idea if [Amazon, Google and Facebook] are going to be interested specifically in Monday Night Football, but I do believe that several new media companies are going to be interested in acquiring more NFL rights.”
Executives from seven newspaper companies lobbied Capitol Hill this week to urge Congress to pass the “Journalism Competition and Preservation Act,” a bill that fights the dominance of tech companies like Google and Facebook in the digital content business.
Google has agreed to pay between $150 million and $200 million to resolve an FTC investigation into YouTube over alleged violations of a children’s privacy law, according to a person familiar with the matter. The FTC voted 3-2 along party lines to approve the settlement, sending it over to the Justice Department as part of the review process, the person confirmed. Details about other terms of the settlement were not immediately available.
Google announced on Wednesday that it would be creating a separate YouTube site to host videos for children, following accusations that the video-streaming site had been violating children’s privacy laws. The site rolling out this week will be a web version of the YouTube Kids app that has been around since 2015, Google said in a blog post on Wednesday.
The strong second-quarter esults from Google’s parent, which topped Wall Street expectations, should ease worries — provoked by a disappointing first quarter — that the company was slowing down after years of fast growth.
The Justice Department said it will investigate how internet giants like Facebook, Amazon and Google have accumulated market power and whether they have acted to reduce competition. Similar inquiries are underway in Congress and at the Federal Trade Commission, which shares antitrust oversight responsibilities with the DOJ.
A Tuesday afternoon panel of the House Judiciary Committee focused on whether it’s time for Congress to rein in these companies, which are among the largest on Earth by several measures. Central to that case is whether their business practices run afoul of century-old laws originally designed to combat railroad and oil monopolies.
The House Antitrust Subcommittee is holding the second of its two Big Tech hearings this week, hearing from the FAAG in FAANG, lacking only Netflix among the witness list and definitely meeting the criteria for the hearing’s title.