COMPETITION – REGULATION

Digital market abuse almost limitless: News

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Original article by Andrew White
The Australian – Page: 27 : 9-Feb-19

News Corporation has posted revenue of $US2.63bn ($3.7bn) for the December 2018 quarter, an increase of 21 per cent. EBITDA rose by 13 per cent to $US370m following the merger of Foxtel and Fox Sports, while the media group’s net profit of $US119m compares with a loss of $US66m for the same period in 2017. Meanwhile, News Corp CEO Robert Thomson has criticised the growing dominance of digital platforms in the US audiobooks market. He has called for a "regulatory reckoning" to address the issue.

CORPORATES
NEWS CORPORATION – ASX NWS, FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, HARPERCOLLINS, DOW JONES AND COMPANY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Code too complex to regulate, says Google

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Original article by Darren Davidson
The Australian – Page: 24 : 1-Jun-18

The search algorithms of digital companies like Google and Facebook are attracting growing scrutiny by regulators such as the Australian Competition & Consumer Commission and the European Commission. However, Google Australia MD Jason Pellegrino has rejected a proposal to establish an algorithm review board, arguing that it would be "unworkable" as Google has multiple algorithms which involve many variables.

CORPORATES
GOOGLE AUSTRALIA PTY LTD, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, YOUTUBE INCORPORATED, AMAZON.COM INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, EUROPEAN COMMISSION, NEWS CORPORATION – ASX NWS, KLEINER PERKINS CAUFIELD AND BYERS, HACHETTE LIVRE