Wall Street Journal

Facebook's internal probe into potential misuse of user data is hitting fundamental roadblocks: The company can’t track where much of the data went after it left the platform or figure out where it is now.

The Department of Justice approved the Walt Disney Company’s $71 billion bid for the entertainment assets of 21st Century Fox, potentially complicating Comcast’s desire to make a rival offer for Rupert Murdoch’s entertainment empire. The government’s approval was filed in federal court on the condition that Disney, which already owns ESPN, divest all of Fox’s 22 regional sports networks, which include valuable channels like the Yankees’ YES network.

Gray Television has agreed to buy fellow television-station owner Raycom Media in a $3.65 billion deal that would create a company that reaches nearly a quarter of US TV households. Gray estimates it will be able to save $40 million in the first year after the deal closes by reducing station and corporate expenses.

AT&T's advertising chief said the company’s acquisition of AppNexus is part of a strategy to build a first-of-its-kind marketplace for television and digital video advertising and give it more firepower against industry juggernauts Google and Facebook. AppNexus offers technology that helps advertisers buy ads, using automated software, across a range of websites and apps. The company also supplies technology to publishers so they can manage and sell ad space on their websites.