Big media companies are making another attempt to pass the Journalism Competition and Preservation Act, a bill that would protect them from online competition, propping up legacy media in the face of public distrust and a failing business model.
Big media companies are making another attempt to pass the Journalism Competition and Preservation Act , a bill that would protect them from online competition, propping up legacy media in the face ofwould give an even bigger advantage to legacy media companies, giving them an antitrust exemption for ten years instead of the four years of the original bill.
Publishers would be given the legal authority to form a cartel, usually illegal under antitrust law, to collectively bargain with Silicon Valley tech giants for financial handouts and special treatment, such as prioritization in search results, news feeds, and other core features. The amended bill would also force Big Tech to come to terms with Big Media, by imposing an arbitration process on them. If Big Tech companies cannot voluntarily make a deal to favor discredited Big Media companies, an arbitrator will force one upon them.
The likely losers of the bill are the new generation of independent journalists and content creators on Substack, YouTube, Twitch, and other platforms, creators that younger demographics increasingly turn to as trust in the legacy media fades. As they are not traditional media companies, this new generation of media creators would likely be excluded from the benefits of the bill.
The previous version of the bill excluded any media creator that is not “similarly situated” to other members of the cartel, which certainly would have excluded the legacy media’s new online competitors.Multiple Republican legislators including GOP leader
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bindi Irwin Reveals Baby Grace Is Walking -- See the 'Big Moment'The wildlife conservationist's daughter turned 1 in March.
Read more »
New Doctor Strange 2 trailer teases the movie's big twistMarvel almost released a Doctor Strange 2 trailer 3 to start ticket preorders online, and the clip teases the film’s big plot twist.
Read more »
Macron leads polls but turnout a big question in French votePresident Emmanuel Macron is the clear favorite in France's presidential race Sunday yet a big unknown factor may prove decisive: an unprecedented proportion of people say they are unsure who to vote for or don’t intend to vote at all, bringing a large dose of uncertainty to the election. The pro-European centrist is still comfortably leading in the polls. Both are in good position to reach the presidential runoff on April 24, which would make them replay the 2017 election that Macron won handily.
Read more »
Snoring Colleagues, Brushing Teeth With the Boss: Inside Shanghai’s Big Office SleepoverAs China seeks to stamp out outbreaks quickly with flash lockdowns and sweeping restrictions on movements, some companies in Shanghai have asked workers to stay in their offices for days or weeks at a time.
Read more »
Grand Prix of Long Beach: City announces road closures ahead of big raceStreet closures will be in effect from April 6 to 11.
Read more »