Congress Should Not Legalize a News Media Cartel

Alden Abbott In reality, the bill would create a four-year safe harbor for “any print or digital news organization” to jointly negotiate terms of trade with Google and Facebook. It would not apply merely to “small publishers” but would instead immunize collusive conduct by such major conglomerates as Murdoch’s News Corp, the The Walt Disney Company, The New York Times, Gannett | USA TODAY NETWORK, Bloomberg Media Distribution, Viacom, AT&T, and the Fox Corporation. The bill would permit news organizations to fix prices charged to digital platforms as long as negotiations with the platforms were not limited to price, were not discriminatory toward similarly situated news organizations, and somehow related to “the quality, accuracy, attribution or branding, and interoperability of news.”

#freespeech #pricefixing #ftcact #shermanact #antitrust #news #ecommerce #internet #onlinenews #openinternet

Author: Litesand

Antitrust, real estate, e-commerce, fintech, proptech, bigtech

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