Who do you trust more: your local newspaper or Google content moderators in California?
If you trust people living in your community more than out-of-touch, woke engineers living in Silicon Valley, then you should support the Journalism Competition and Preservation Act, which will be voted on by the Senate Judiciary Committee next month.
Today, Google and Facebook capture about 60% of all online advertising revenue. For every dollar spent, they keep about half. This means that when Dave’s Donuts spends $1,000 to advertise in the online version of the Dayton Daily News, Google gets $500 and the paper gets $500. The Journalism Competition and Preservation Act would create a temporary antitrust safe harbor for small publishers, including the Washington Examiner, to work together and negotiate a fair advertising deal with Google and Facebook. This sort of arrangement has already been put in place elsewhere . Large publications with more than 1,500 employees, such as the New York Times and the Washington Post, would not be given this exemption.
Some lawmakers say the legislation would create a news cartel as bad as Google’s monopoly. But the legislation specifically sets aside some of the money from any agreement signed with Big Tech companies for small and new news creators. Publishers are also forbidden from excluding anyone from the negotiations for ideological reasons.
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