Shares of Philippine Media Giant Shut by Government Surge 50% in Comeback

(Bloomberg) — Philippine media giant ABS-CBN Corp. rose by the 50% daily limit after announcing the return to free-to-air television of some of its entertainment shows three months since it was denied a congressional permit.

Shares closed at 13.50 pesos each on Wednesday in Manila trading, the highest since July 22, even as the index fell by 0.7%. It also rallied by 50% on Monday, then slumped 15% the next day. Shares of its parent company Lopez Holdings Corp. also rose by 21% on Wednesday.



a group of people standing in front of a store: Operations At The ABS-CBN Broadcasting Center as Media Giant Asks Top Court to Halt Closure


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Operations At The ABS-CBN Broadcasting Center as Media Giant Asks Top Court to Halt Closure

Technical staff work on videos and other reports inside the newsroom of the ABS-CBN Corp. Broadcasting Centre in Metro Manila, the Philippines, on May 12.

Photographer: Veejay Villafranca/Bloomberg

Philippine Media Giant Criticized by Duterte Returns to Free TV

ABS-CBN has stopped broadcast since May when the government

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A Former Spy Shares Why the U.S. Needs a Data Privacy Law… Yesterday

Photo credit: Susanna Hayward / Getty Images - Hearst Owned
Photo credit: Susanna Hayward / Getty Images – Hearst Owned

From Marie Claire

Data privacy legislation is not about secrecy; it’s about transparency. I know a lot about both. I was one of the original coauthors of the initiative that became the California Consumer Privacy Act (CCPA), the most comprehensive privacy law in the U.S., and before that I was a CIA counterintelligence officer and counsel on the House Intelligence Committee. Surprisingly, it was my career as a spy—where I did things like provide oversight of the NSA wiretapping program Edward Snowden later disclosed—that made me realize how desperately the U.S. needs a law to protect consumers’ online privacy. I’m inspired by this quote shared by Gabriel Weinberg, the founder of the privacy-focused search engine DuckDuckGo: “Everyone knows what you do in the bathroom, but you still close the door.” In other words, your info may not be a secret,

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