The Journalism Competition and Preservation Act would make it easier for news companies to negotiate collectively with internet giants such Meta, which owns Facebook, and Alphabet Inc.
Facebook has threatened to remove news content from its platform if Congress passes a bill which would make it easier for news organisations to negotiate deals collectively with tech giants.
US politicians are reportedly considering passing the Journalism Competition and Preservation Act as a way to help the struggling local news industry. The bill would make it easier for news companies to negotiate collectively with internet giants such as Meta, which owns Facebook, and Alphabet Inc regarding the terms on which the news companies' content may be distributed online.
Companies involved in news production argue that Meta generates huge sums of money through advertising revenue from news articles shared on the platform.says the new proposals"unfairly disregards any value" Facebook provides through"increased traffic and subscriptions". Meta spokesperson Andy Stone said in a tweet the company would be forced to consider removing news if the law was passed.
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