A bill known as the Journalism Competition and Preservation Act is gaining momentum in Congress that could lead to “final” arbitration, sometimes called “baseball arbitration,” in paying for online content. Small publishers argue that it will improve play by allowing media organizations to pool together for more advertising revenue, even if Big Tech feels differently. Instead, the meta that has Facebook (NASDAQ: META) until he threatened to remove the news from his US platform, in a case that resembles the warnings that were seen on the ground after similar laws were passed in Australia last year.
Words: “If Congress passes an ill-conceived journalism bill as part of national security legislation, we will be forced to consider removing all news from our platform rather than submit to government-mandated negotiations that unfairly ignore everything we provide to news outlets because of traffic and subscriptions.” ,” said Meta (META) Spokesman Andy Stone.
“The Journalism Competition and Preservation Act fails to recognize a very important fact: publishers and publishers put content on our platform because it benefits them – not the other way around. No company should be forced to pay for users who are not. I want to see and this does not create a good source of income . In short: the government creating a cartel-like organization that requires one private corporation to subsidize other private corporations is a terrible example for all American businesses.”
How did things end up in Australia? Facebook (META) faced a threat to block news on its site in March 2021, but changed its mind a few days later in a deal with the government. Among the changes was a clause that would require digital platforms and newsgroups to mediate for two months before allowing them to cooperate. The government will review existing commercial agreements and provide information on digital platforms for one month before any final decision on the application of this law.