Facebook and Google have gobbled up the advertising dollars that used to go to traditional news outlets, such as newspapers. The loss of this critical revenue has decimated newsrooms, affecting the quality of news coverage across the U.S. Allowing publishers to collectively negotiate with Facebook and Google is the only way to ensure they get a fair share of the ad revenue on these platforms.
This bill would allow publishers to collude and exert undue influence, giving the news industry an unfair break that no other industry enjoys. It’s unfair to give one industry a break from anti-trust laws when all other for-profit businesses — including tech companies like Facebook and Google — are bound by anti-trust laws.