Stock Market News

U.S. lawmakers unveil bill to help news media negotiate with Google, Facebook

2022.08.23 03:01

U.S. lawmakers unveil bill to help news media negotiate with Google, Facebook
A 3D printed Facebook’s new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration

WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers on Monday released a revised version of a bill aimed at making it easier for news organizations to negotiate collectively with platforms like Google and Facebook (NASDAQ:META).

The Journalism Competition and Preservation Act “removes legal obstacles to news organizations’ ability to negotiate collectively and secure fair terms from gatekeeper platforms that regularly access news content without paying for its value,” according to a news release from the lawmakers.

The group includes Democratic Senator Amy Klobuchar and Republican Senator John Kennedy, both members of the Judiciary Committee, and House Judiciary Committee members David Cicilline, a Democrat, and Ken Buck, a Republican.

A previous version of the bill, introduced in March 2021, was opposed by two technology industry trade groups that Meta Platforms’ Facebook, and Alphabet (NASDAQ:GOOGL)’s Google belong to – the Computer & Communications Industry Association and NetChoice.

The updated bill would cover news publishers with fewer than 1,500 full-time employees and non-network news broadcasters. It would allow them to work together to win better deals from Facebook, Google and other large platforms, according to the news release.

The 2021 legislation would have applied to any print, broadcast or digital news organization with a dedicated editorial staff that published at least on a weekly basis.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 105,161.18 0.75%
ethereum
Ethereum (ETH) $ 3,344.81 1.45%
xrp
XRP (XRP) $ 3.13 0.80%
tether
Tether (USDT) $ 1.00 0.01%
solana
Solana (SOL) $ 258.01 3.45%
bnb
BNB (BNB) $ 690.18 1.00%
dogecoin
Dogecoin (DOGE) $ 0.354731 1.32%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.987631 0.96%
staked-ether
Lido Staked Ether (STETH) $ 3,339.41 1.52%
tron
TRON (TRX) $ 0.253778 0.78%
chainlink
Chainlink (LINK) $ 25.66 2.56%
avalanche-2
Avalanche (AVAX) $ 37.70 5.90%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,982.90 1.49%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,779.07 0.36%
hedera-hashgraph
Hedera (HBAR) $ 0.342039 3.12%
stellar
Stellar (XLM) $ 0.42187 2.17%
the-open-network
Toncoin (TON) $ 5.10 0.82%
sui
Sui (SUI) $ 4.18 0.26%
shiba-inu
Shiba Inu (SHIB) $ 0.00002 0.24%
weth
WETH (WETH) $ 3,345.83 1.51%
polkadot
Polkadot (DOT) $ 6.35 0.49%
litecoin
Litecoin (LTC) $ 124.14 1.06%
bitget-token
Bitget Token (BGB) $ 7.73 0.33%
leo-token
LEO Token (LEO) $ 9.75 0.24%
bitcoin-cash
Bitcoin Cash (BCH) $ 443.26 1.14%
hyperliquid
Hyperliquid (HYPE) $ 24.70 10.59%
uniswap
Uniswap (UNI) $ 12.32 0.30%
usds
USDS (USDS) $ 1.00 0.04%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,537.02 1.54%
pepe
Pepe (PEPE) $ 0.000015 0.12%
official-trump
Official Trump (TRUMP) $ 31.51 11.96%
near
NEAR Protocol (NEAR) $ 5.07 2.57%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.10%
aave
Aave (AAVE) $ 331.97 0.36%
aptos
Aptos (APT) $ 8.41 3.95%
mantra-dao
MANTRA (OM) $ 4.84 38.27%
ondo-finance
Ondo (ONDO) $ 1.45 1.49%
internet-computer
Internet Computer (ICP) $ 9.20 0.80%
monero
Monero (XMR) $ 224.19 1.60%
whitebit
WhiteBIT Coin (WBT) $ 28.46 0.11%
ethereum-classic
Ethereum Classic (ETC) $ 27.09 0.68%
mantle
Mantle (MNT) $ 1.20 0.94%
vechain
VeChain (VET) $ 0.048234 0.37%
crypto-com-chain
Cronos (CRO) $ 0.138129 0.13%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.439092 1.49%
render-token
Render (RENDER) $ 7.04 2.19%
dai
Dai (DAI) $ 1.00 0.03%
algorand
Algorand (ALGO) $ 0.40896 1.57%
kaspa
Kaspa (KAS) $ 0.132869 2.23%