How could anyone host your content on their servers without a license? How could they link to your content from a widget if it wasn't transferable? Is there a comparable TOS that you prefer?
"By submitting Content to Automattic for inclusion on your Website, you grant Automattic a world-wide, royalty-free, and non-exclusive license to reproduce, modify, adapt and publish the Content solely for the purpose of displaying, distributing and promoting your blog."