Latest Media industry News

Facebook executive defends currency plan to senators

Jul. 16, 2019 12:41 PM EDT

WASHINGTON (AP) — Under withering criticism from senators, a Facebook executive on Tuesday defended the social network giant's ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of users' data. "We know we need to take the time to...

Treasury chief: Facebook currency plan ripe for illicit use

Jul. 15, 2019 6:24 PM EDT

WASHINGTON (AP) — The Trump administration came out strongly Monday against Facebook's ambitious plan to create a new digital currency, as the Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking and financing terrorism. Treasury Secretary Steven Mnuchin...

California lawmakers consider new rules for political ads

Jul. 13, 2019 12:25 PM EDT

SACRAMENTO, Calif. (AP) — Elections come and go, but the season for political advertising sometimes seems to never end. Facebook users in California, for example, may have noticed ads in recent months showing a woman with duct tape over her mouth and text that warns: "Legislators are leaving sexual assault...

Reports: Facebook faces $5B FTC fine, largest ever in tech

Jul. 13, 2019 7:33 AM EDT

At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012. The long-expected punishment, which Facebook is well prepared for, is unlikely to make a dent in the social media giant's deep...

FTC approves record $5B fine for Facebook

Jul. 13, 2019 1:24 AM EDT

At $5 billion, the fine the U.S. Federal Trade Commission is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012. The long-expected punishment, which Facebook is well prepared for, is unlikely to make a dent in the...

Trump applauds far-right social media provocateurs

Jul. 11, 2019 8:35 PM EDT

WASHINGTON (AP) — President Donald Trump used a White House conference Thursday to applaud far-right social media provocateurs even as he conceded that some of them are extreme in their views. Trump, who has weaponized social media to eviscerate opponents and promote himself, led a "social media summit" of...

The Latest: Trump says big tech can't be allowed to censor

Jul. 11, 2019 4:59 PM EDT

WASHINGTON (AP) — The Latest on President Donald Trump's conference on social media (all times local): 4:50 p.m. President Donald Trump says big tech companies must not be allowed to censor the voices of the American people on social media. Trump is speaking at a White House conference highlighting the...

France adopts pioneering tax on tech giants after US threat

Jul. 11, 2019 1:23 PM EDT

PARIS (AP) — France adopted a pioneering tax on internet giants like Google, Amazon and Facebook on Thursday, despite U.S. threats of new tariffs on French imports. The final vote in favor of the tax in the French Senate came hours after the Trump administration announced an investigation into the tax...

Broadcaster demands Australia police drop probe of reporters

Jul. 11, 2019 4:06 AM EDT

CANBERRA, Australia (AP) — Australian government assurances that public sector leakers rather than journalists are the targets of raids on two media organizations have come under question as new details have emerged of police efforts to track one reporter's movements and to discover who reporters talk to...

Fox News viewers flock to Trump's holiday speech

Jul. 10, 2019 6:35 PM EDT

NEW YORK (AP) — The Fourth of July meant hot dogs, fireworks and President Donald Trump for many Fox News viewers. Fox News reached an average of 4.09 million viewers between 6 and 8 p.m. EDT last Thursday for its coverage of Trump's much-discussed holiday parade in Washington, D.C., the Nielsen company...