Something is rotten online. Facebook and Google dominate the market on online advertising, depleting the resources needed by any other company reliant on serving digital content. For news media, the confluence of an increasingly digital world with Google and Facebook’s siphoning of online advertising revenue has been catastrophic. Unfortunately, giving news media an antitrust exemption to bargain as a group with Facebook and Google will not be the time machine that brings news media back to where it was. Last week, the U.S. House of Representatives’ Judiciary Committee held a hearing called “Reviving Competition, Part 2: Saving the Free and Diverse Press.” There was a lot going on during the hearing, a lot of it irrelevant to the very real problems faced by the increasingly concentrated media ecosystem, or the death of small, local, and independent news.