One of the biggest issues facing journalism was brought to the doorsteps of Capitol Hill yesterday as part of the far-reaching campaign to bolster the struggling media industry.
Executives from seven newspaper companies urged Congress to pass the “Journalism Competition and Preservation Act,” a bill that fights the dominance of tech companies like Google and Facebook in the digital content business, reports the Publishers Daily.
Reports show the duopoly is taking 60 per cent of digital ad revenue, contributing to the decline of the ad-supported newspaper business model and the closure of newspapers nationwide.
Publishing executives from Gannett, Los Angeles Times, Star Tribune, News Corp, Philadelphia Inquirer, Charleston’s Post & Courier and Tribune Publishing gathered to meet with senators and
The bill — originally introduced earlier this year — would allow newspapers to work together to negotiate with tech platforms “for better business arrangements,” according to the News Media Alliance, which represents more than 2,000 news organizations in the U.S.
“Our members are coming to Washington, D.C. to advocate for this bill because they believe, as we do, that it is the best solution to correcting the imbalance in the competitive landscape,” stated News Media Alliance president-CEO David Chavern. “The platforms currently benefit from using our content without paying for it. We are hopeful that, with our members’ support, we can put an end to that and get this legislation passed in this Congress.”
Tech companies argue they have launched a number of programs to support the newspaper industry, such as Facebook’s Journalism Project and Google’s News Initiative.
Co-sponsors of the House bill are Ranking Member Doug Collins (R-GA) and Antitrust Chairman David Cicilline (D-RI). Co-sponsors of the Senate bill are Sen. John Kennedy (R-LA), member of the Senate Judiciary Committee, and Sen. Amy Klobuchar (D-MN), ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights.
PitchBook's news team is looking for a senior editor for private equity who is deeply…
Bloomberg News senior editor Carla Canivete is leaving London to become Middle East economics and politics editor…
Bloomberg Industry Group and Bloomberg Correspondents union members have reached a new contract agreement with…
Business Insider senior tech reporter Melia Russell is moving to a new beat to cover how artificial…
Connie Loizos, the editor in chief of TechCrunch, writes about why Yahoo sold the tech…
Yahoo sold the tech-news site TechCrunch to investment company Regent for an undisclosed amount, reports Todd…