Lawmakers have added a measure to Congress' must-pass defense funding bill that would force Big Tech firms like Google and Meta to pay hundreds of local news outlets for their content, sources tell Axios.
requires tech firms to negotiate payout terms "in good faith" with news publishers for distributing their content. If they can't come to an agreement, the bill allows news publishers to demand third-party arbitration.that passed last year despite intense pushback from companies like Google and Facebook.
The bill requires participation from tech firms that have at least 50 million U.S.-based users or subscribers, along with either a market capitalization of $550 billion or at least 1 billion worldwide monthly active users. It doesn’t cover publishers or local broadcasters employing more than 1,500 full-time employees. That means major national publications such as The New York Times, The Wall Street Journal and The Washington Post would not be eligible for payouts.
The updated bill calls for an eight-year temporary safe harbor from antitrust laws, allowing media companies to collectively bargain with tech firms. Previous versions of the bill provided only a four-year safe harbor.would have preferred to see almost any of several other major new tech regulations move forward in Congress instead.
"The #JCPA won't help journalism or reduce Big Tech's monopoly power. Instead, it's effectively a handout to giant conglomerates like Alden Capital and will essentially solidify Big Tech's role in the news,"Tech trade groups NetChoice and the Computer and Communications Industry Association, who have been fighting all proposed tech antitrust efforts,
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Calls for ‘Termination’ of Constitution Over Twitter CensorshipDonald Trump called for the 'termination' of the Constitution following a report about Twitter suppressing an article about Hunter Biden before the 2020 election. See potential bias and similarities in coverage from NBCNews, foxheadlines, Newsweek:
Read more »
California lawmakers to meet, eye big oil's high gas pricesCalifornia lawmakers are preparing to return to work for a special session on gas prices.
Read more »
California lawmakers to meet, eye big oil’s high gas pricesFurious about oil companies’ supersized profits after a summer of record-high gas prices, California Gov. Gavin Newsom on Monday will formally start his campaign to punish big producers by asking t…
Read more »
California lawmakers to meet, eye big oil's high gas pricesCalifornia lawmakers are preparing to return to work for a special session on gas prices
Read more »
California lawmakers to meet, eye big oil's high gas pricesDemocratic Gov. Gavin Newsom has also called lawmakers into a special session for Monday to begin work on a proposed penalty for oil companies when their profits surpass a certain threshold.
Read more »
Disgraced crypto exec Sam Bankman-Fried spent big in two SoCal Congress racesBefore his business empire imploded, Bankman-Fried was the world’s youngest billionaire and the second-biggest donor to Democrats in the 2022 midterm.
Read more »