Newspapers To Bid For Antitrust Exemption To Tackle Google and Facebook (cnbc.com)
An anonymous reader quotes a report from CNBC: The news industry is to band together to seek a limited antitrust exemption from Congress in an effort to fend off growing competition from Facebook and Google. Traditional competitors including The Washington Post, The Wall Street Journal and The New York Times, as well as a host of smaller print and online publications, will temporarily set aside their differences this week and appeal to federal lawmakers to let them negotiate collectively with the technology giants to safeguard the industry. Antitrust laws traditionally prevent companies from forming such an alliance which could see them becoming over-dominant in a particular sector. However, the media companies will be hoping that Congress will look favorably on a temporary exemption, particularly giving the recent clampdown on the technology industry which saw Google slapped with a $2.7 billion antitrust fine. The campaign is led by newspaper industry trade group News Media Alliance and it is intended to help the industry collaborate in order to regain market share from Facebook and Google, which have been swooping in on newspapers' distribution and advertising revenues. The two companies currently command 70 percent of the $73 billion digital advertising industry in the U.S., according to new research from the Pew Research Centre. Meanwhile, U.S. newspaper ad revenue in 2016 was $18 billion from $50 billion a decade ago.
Allowing an excemption to antitrust rules is dangerous and stupid. If you have a problem with a powerful established competitor that is abusing a market dominant position, then seek antitrust against them. Dont abuse antitrust yourself.
But hey, maybe they know something the rest of us dont-- like how absurd it is to expect the congress cronies to actually give teeth to the laws on the books.
fake news as far as the eye can see , what a great idea
I don't think America is ready to read news in manga format.
It's that whole right to left thing. Messes with a right hand view of the world.
Google and Facebook get their news from these companies. All they're doing is redistributing the work someone else did and making money off it.
It would seem these folks should be paying the news companies for all this work which they themselves don't have to do.
We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower
Newspapers still provide an important and valuable service to our society. They should be paid for it. Companies like Google and Facebook shouldn't be harvesting content for free. Setup a licensing deal with Google, Facebook, and any other meta-news distributors. Newspapers get money, and they continue to provide their services.
They should realize by now that the paradigm has shifted. People are consuming news content in new ways, and the best thing to do is adapt. Music's new distribution is streaming. News should be the same.
Your words would have us doomed to a world dominated by Buzzfeed.
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Major fast food restaurants want to regulate and sue the roads and highways for providing their customers easy access to the competition while not compensating the major fast food restaurants for existing on those roads and highways.
At least Buzzfeed is a central repository to see how the American liberal thinks.
Someone still sells buggy whips.
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New York Times invites you, right on their front page, to "Join us on Facebook"
Even the faggot fat guy is calling out the faggot fat guys.
Because you're a lonely fat cartoon shit who's been rejected by every fatman you've tried to come on to?
Outdated, outmoded, poorly written garbage.
Rent Seeking.
That alone recommends against this and its advocates.
deleting the extra space after periods so i can stay relevant, yeah.
we need to break up Amazon and Google and possibly Facebook. If we had a competent and functional antitrust division at DOJ this would be happening.
It is not a trump thing, it is a crony politicians of both parties for decades thing. we need to smash these tech companies to bits like they did with Ma Bell.
Pravda-like news organizations seeking antitrust exemption. That's rich. What's next? Comcast, AT&T, Charter, etc cable companies seeking the same due to being threatened by on-line streaming and cord-cutting.
On a related note, Google News recent changes seem to suggest something is happening behind the scenes between Google and major news organizations. In my view, it's no accident the reduced content density necessitating excessive scrolling, lack of introduction text from articles, and lack of supplemental information, such as stock market quotes gone...
All in all, appears to be a way to encourage users to click out of Google News. That, in theory, should benefit those sites along with Google, which distributes ads on many of them. As for users, many will seek alternative news aggregators, some of which feature links to lesser known news sites. Not sure how that helps NY Times, etc. They're running scared.
Finally, as for quality content, many of the major news organizations have gutted their operations. It's common to see numerous spelling and grammatical errors in news articles. More glaringly, seeing sentences or even entire paragraphs duplicated within. Extraneous sentences, etc are a common feature too. In short, even the so-called quality news organizations are increasingly publishing articles in a slipshod manner. And they expect the public to pay for that? Not happening.
Why are you talking to yourself about yourself? Just GTFO.
I got Amazon Dot. Where are my cock eggs?
please mr. gov, legislate our business model.
Not as if no one could see the tide turning towards digital. It is just the name of the publications that they want to use through unjustified legitimacy as they peddle the government's lies. They will most likely get what they want. It won't matter.
I'm surprised by all the commentary on here about markets...
Reliable markets require exchange of goods/services/currency which is in turn dependent upon - you guessed it! - consistent information about the exchange. Getting meta, without reliable objective news as a source of information about the world, every transaction risks becoming an attempt by one side to defraud the other. Reliable, objective news cannot be gleaned from a corporate PR report; it cannot be found in spam from someone trying to pump and dump a stock; it cannot be readily discerned as signal from the noise of seven billion social commenter.
So if your hated "newspapers" and their old dead "mainstream" media fail, where do you get your reliable information? You cannot trust any biased blogger to give you the whole truth. Nor is there time enough in the world to filter everything to suit your view. Reality WILL serve you a harsh blow when you cannot act accurately in your precious markets; in fact those markets will fail and our civilization will revert to feudalism with a few powerful lords using their might to force the rest of the people into serfdom.
Restrict access to information, repress people's voices about bad traders in the markets, return to the dark days.
Or maybe that's what you want? Unfortunately, your non-existent holy entity will not save you. You are stuck on this planet, in this wonderfully clockwork universe with the rest of humanity, so it's best to start exercising the golden rule since endless indicators in nature and science prove that the best outcomes are when reciprocal behavior dominates. Simply put - treat others how you want to be treated!
Why should we break up monopolies when instead we can create new ones?
Google totally f***d up Google News UI recently.
[I'm running the windows phone 8 user-agent patch but I fear it won't last long]
French newspapers manage to get both the visibility that GN could provide them AND money for being referenced on GN.
I guess US news want the same.
"Let them die."
Washington Post: privately purchased by Bezos, one of the richest people in the world, politically active and advancing his political views and preferences through the media. Bezos also owns a company that completely dominates online shopping.
NYT: top shareholder is Carlos Slim, a Mexican billionaire with strong opinions on US politics, a major beneficiary from illegal immigration to the US, and a major Clinton supporter.
Bezos, WaPo, and the NYT symbolize what's wrong in American politics according to Democrats and progressives: foreign collusion, corruption of the political process by billionaires, and crony capitalism. And it's Democrats themselves that support these pricks.
"The News Media Alliance argue that, despite their growing dominance in news distribution, Facebook and Google lack the resources and ability to guarantee the accuracy of reporting upheld by reputable news associations."
You mean all the Russia bullshit stories you have been running only to have to retract them!
Let's not forget the ever popular WMDs and the Iraq War cheerleading...yeah real reputable.
Congress should kick them to the curve, because how they are making fake news against Trump.
(YOU ARE NOT google or facebooks customer, you are the product) Google isn't a monopolist in search but between Google and Facebook they do completely dominate online advertising.
The newspapers want to negotiate with Google and Facebook but they can't. There is an imbalance in power because there are many newspapers and only two companies they can get advertising money from. If they don't band together it becomes a race to the bottom for them.
Unfortunately, the Mainstream Media have already enjoyed a monopoly on mindshare for a long time. The reality is that the mindshare is not only draining from the Mainstream Media, but also the Internet is cultivating independent journalism.
Independent journalism, unfettered by the fascist/propagandist/leftist narrative that went unchecked for so long, has all but completely obliterated that narrative and, therefore, the credibility of these Mainstream Media organizations.
So, this seems more like a cry from an industry that has traditionally banked on creditbility, but can no longer do so. Screw them. Out with the old, in with the new.
There was a major highway closure coming up. Somebody suggested building a roadway to re-route traffic. It's be useful long and short term and stop traffic jams. Cheap too.
The local fast food joints bought off the city council to squash it. See, if you're in traffic for 2 hours every day you're that much more likely to stop for Mickey D's or Burger King on the way home. The got caught and absolutely nothing came of it (besides the aforementioned traffic delays).
You'd be surprised how much corruption there is locally. Local newspapers used to report on it, but then they got bought out by mega corps with no interest reporting such things.
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Ok, I'll admit it, the last 3 comments were all from me.
We have so few independent news papers today as most are already owned by larger companies that control most of the major cities. This will only allow more fake news to be published without any true journalism to counter it.
Bad, Bad, and did I mention... BAD?
Personally, I will not be providing any exemptions to my antitrust doctrine of the so-called news media and their complete lack of integrity at all levels, on every subject. A large portion of what they present as news is merely masked advertising. Huge amounts of content are nothing but political jabbering, fear mongering, and outright incitement of the populace over trivial/non-existent issues. I could care less if they sink back into the mud from whence they spawned.