The Journalism Competition and Preservation Act would force Big Tech to pay publishers for news content.
Robert Channick | Chicago Tribune
“If Congress passes an ill-considered journalism bill as part of national security legislation, we will be forced to consider removing news from our platform altogether rather than submit to government-mandated negotiations that unfairly disregard any value we provide to news outlets through increased traffic and subscriptions,” Meta/Facebook said in its statement, which was posted on Twitter.The News Media Alliance, a Washington, D.C.
Introduced in the House and the Senate last year, Sen. Amy Klobuchar, D-Minn., is the lead co-sponsor of the bill, which covers thousands of local and regional newspapers, including the Chicago Tribune and other Tribune Publishing newspapers. The proposed legislation excludes large national publications such as The New York Times, The Washington Post and The Wall Street Journal.
“This bill, despite months of advocacy and multiple revisions, contains far too many contradictions, complexities, and problems to be included in any omnibus or must-pass legislation,” the coalition said in the letter. Under the bill, the annual fee paid by Big Tech would be distributed to all local publishers that participate in the collective negotiations, with 65% of the allocation based on how much they spend on journalists as a proportion of their overall budget.
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