Sounds a bit weird to me, but I decided it would be interesting to put down my editorial policy for this website.
I think the key bit is that it only mentions public events and "public people", so you're not going to read about my friends or my friend's parties - however interesting they are - unless they've got their details up on a poster which anyone could see, or they've got a blog themselves in which they write up the event, and even then you're not going to get any personal details.
I guess I felt I'd put this down as I'm kind of suprised when people mention that they've read my site, and I wouldn't want them to think they're going to appear on it