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.
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.
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.
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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.
Someone still sells buggy whips.
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New York Times invites you, right on their front page, to "Join us on Facebook"
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.
Google and Facebook are not redistributing anything. They are linking. Generating traffic. Maybe these news companies would like it better if Google and Facebook would never link to them ever again. We've already been through this game, more than once now, by several foreign news outlets that wanted Google to stop indexing them. Google stopped. Then those sites came back begging to be indexed.
These news organizations simply don't like the world that the 21st century has become. One where pretty much all the world's information is hyperlinked. If they don't want to be easy to find, it is to their own detriment.
Do these news companies think I am going to go to their site to browse for news if I don't find it linked from some other site first?
I'll see your senator, and I'll raise you two judges.
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]
The series-of-links model, such as found in the Drudge Report, has already been called "fake news" by the press.
"His name was James Damore."
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.
A system (Google) that algorithmically scans and collates all the sites offering to 'spoon feed' you information is the _opposite_ of 'spoon feeding' you.
If you get your information from an 'internet echo chamber', then it's no better than getting all your information from one media source.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
Have you been asleep for the last two decades? I certainly _won't_ get reliable information from the 'newspapers' or the 'MSM'.
That's what the newspapers are really complaining about. Wah, they're fact checking us! Wah, make them stop. Wah, journalists need to be licenced. Wah, their making their stories about our open bias.
Newspapers need to 'get by' with online ad revenue. Everybody else can, they can too, the sooner they get to it, the sooner it gets done. If they can sell their own ads and come out ahead vs. just punting to Google, then that's what they will do.
They, individually, need to decide whether they are propaganda outlets or new outlets, both can be viable business models. Nobody is buying the 'both' bullshit anymore.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
"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.
So you want your news aggregator to decide whats true and what isn't for you?
It is literally links to news articles from newpapers, cable news web sites, and so on... without a filter.
THATS WHAT A NEWS AGGREGATOR DOES
"His name was James Damore."
(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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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.