Media Increasingly In Favor of Regulating Big Tech

NewsBusters | 11/21/2018 | Staff
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The news media have figured out a way to fight the big social media companies — they want Congress to let them “collude against Google and Facebook,” according to Buzzfeed News.

The site reported that publishers are uniting behind the Journalism Competition and Preservation Act:

March - Rhode - Island - Democrat - Rep

In March, Rhode Island Democrat Rep. David Cicilline — the future chair of the antitrust subcommittee — introduced the antitrust “safe harbor” bill, putting the proposal front and center as tech leviathans now prepare to face what is sure to be a barrage of hearings about privacy, election interference, algorithmic changes, and more.

The antitrust “safe harbor” bill being discussed is a response to the exponentially rising power of big tech companies acting functionally as a monopoly on the flow of information. As Facebook and Google have risen to power (they together have been referred to by many as a “duopoly”) have a firm grasp on 56.8% of the digital advertising market according to eMarketer. This meteoric rise has made it extremely hard for smaller outlets to remain viable or even gain a foothold in the modern market.

Newspapers - Op-eds - Media - Executives - Representatives

Newspapers are running op-eds and media executives are lobbying their representatives as a new Congress takes shape. What they’re fighting for is permission, currently restricted by federal antitrust rules, to team up to negotiate the terms by which their content is distributed by Google and Facebook, among other demands surrounding things like customer data….

The safe harbor law would lift antitrust restrictions for news outlets for four years so that they could negotiate with Facebook and Google, which are implicitly but not directly named in the proposed legislation.

Issue - Hand - Restrictions - Place - Monopolies

The issue at hand here is that these antitrust restrictions were originally put in place to prevent monopolies, but as time and technology have moved on, the...
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