Senate introduces Journalism Competition and Preservation Act to try to help companies whose original work is aggregated by Facebook and Google.
Chicago Tribune
The newspaper industry, which has been struggling with deep ad revenue declines in the digital age, is backing proposed legislation that would force Big Tech to pay publishers for aggregating their news stories online.
The Journalism Competition and Preservation Act seeks to level the playing field by allowing local newspapers, broadcasters and other online publishers to negotiate collectively for an annual content fee from Google and Meta/Facebook, which dominate the digital advertising market.
The full text of the Senate bill, released Monday, cites a power imbalance that has benefited Big Tech at the expense of the shrinking newspaper industry, which has lost thousands of publications and tens of thousands of journalists during the new millennium, creating local “news deserts” across the U.
