Study Finds Tech Platforms Market Power, Economic Practices Put Local Broadcast News At Disadvantage tvnewscheck.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tvnewscheck.com Daily Mail and Mail on Sunday newspapers.
10 May 2021Washington, DC
House Judiciary antitrust subcommittee ranking member Rep. Ken Buck (R-CO) is continuing to co-sponsor and promote a bill with Rep. David Cicilline that would allow big media companies to form a cartel to pressure companies for more censorship and special favors by creating a special antitrust carve-out for them.
Buck is leading this charge while taking thousands and thousands of dollars this year from special interests and lobbyists backing the legislation. In total, in just the past two months, recent Federal Election Commission (FEC) filings show Buck has raked in at least $18,000 from lobbyists, special interest groups, and PACs for organizations that support the legislation he is championing that would fundamentally change the media and technology landscape.
A study commissioned by the National Association of Broadcasters concludes that broadcasters lose close to $2 billion per year in value their content, in particular local news, generates for Google and Facebook because those tech platforms do not fairly compensate them, and that the government needs to step in.
Breitbart News is taking aim at Rep. Ken Buck (R-CO) for his sponsorship of a bill that would give media companies more power to negotiate with tech giants.
The Journalism Competition and Preservation Act, which Buck is supporting as a co-sponsor, would allow for a 48-month “safe harbor” period in which publishers would be able to negotiate collectively with big tech companies, particularly Google and Facebook, which have played a role in eroding the news industry’s revenue over the last several years. The move would temporarily suspend antitrust regulations that normally prevent such bargaining.
However, Breitbart’s
Matthew Boyle took issue with the proposal in a Monday column, writing that Buck had “raked in at least $18,000 from lobbyists, special interest groups, and PACs for organizations that support the legislation he is championing.”
White House backs global anti-online extremism effort
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The U.S. is joining a key anti-online extremism pledge, signaling that the Biden administration will center social media platforms in its efforts to fight terrorism. MT exclusive: A new study commissioned by the National Association of Broadcasters finds that local broadcasters are on the losing end with major tech platforms, as they struggle to find meaningful ways to monetize content.