News Karnataka
Monday, October 03 2022

US bill to force Big Tech to pay publishers of used content

Photo Credit : IANS

San Francisco: The local newspaper industry in the US is backing the proposed Journalism Competition and Preservation Act to force Big Tech to pay publishers for aggregating their news stories online. The legislation aims to provide news publications a level-playing field, letting them negotiate collectively for an annual content fee from Google and Meta (formerly Facebook) that dominate the digital advertising market, reports Chicago Tribune.

Newspaper ad revenue has fallen by more than 80 per cent since reaching $49.4 billion in 2005, dropping to $9.6 billion in 2020, according to the Pew Research Center. “Our bipartisan legislation ensures media outlets will be able to engage in good faith negotiations to receive fair compensation from the Big Tech companies that profit from their news content, allowing journalists to continue their critical work of keeping communities informed,” Senator Amy Klobuchar, one of the bill’s lead co-sponsors, said in a statement. Both Meta and Google did not respond to the proposed legislation. The bipartisan legislation would cover thousands of local and regional newspapers.

“The bill also includes local TV and radio broadcasters that publish original digital news content and meet other eligibility requirements,” said the report. It excludes national publications such as The New York Times, The Washington Post, and The Wall Street Journal. Google and Meta/Facebook account for about half of the nearly $250 billion US digital advertising market, according to Insider Intelligence. Eligible news publishers must update their content at least weekly, have fewer than 1,500 full-time workers and give at least 25 per cent of their content to matters of current public interest, the report mentioned.

In 2019, Facebook agreed to pay licensing fees to The Wall Street Journal, New York Times, Washington Post and the Chicago Tribune, among others, to run their content. However, after posting its first-ever revenue decline in the second quarter this year, Meta said it would no longer pay news publishers to aggregate curated stories.

Read more:

The metaverse isn’t here yet, but it already has a long history

Meta tests end-to-end individual chat encryption on Messenger

Russia blocks Facebook, Meta hits back with pausing all ads

NASA halts Psyche mission to unexplored metal world

EU, UK probing Google & Meta ad tech collusion

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp