What To Do When Free Speech No Longer Pays The Bills?
// The First Amendment does more than let you pressure students into praying with you in public a la Bremerton. It also protects the right to free speech and the free press. You know what else is fundamental? Paying rent, eating food and saving enough money to afford Bayonetta 3 once it drops. And if folks interested in covering the news don’t want to end up on the highway with a “Will Report For Food” sign, they might want to pay a little bit of attention to antitrust.
Google and Facebook, which currently control the bulk of digital advertising and have become the main source of news for many Americans. A huge number of search results on Google link to news stories, reproducing enough content for users to consume. But 65% of these users do not click through to the news publishers’ websites. This means that even when their work has delivered value to the public, the businesses actually investing in and doing the work of journalism can’t earn sufficient advertising revenue to cover their costs. Needless to say, this is not economically sustainable.
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That is exactly what the bipartisan Journalism Competition and Preservation Act, currently in Congress, would do. It would authorize news outlets to create “joint negotiating entities” to bargain for compensation from internet platforms for the news stories they use…The bill also creates a carve-out from federal antitrust law, the statutory framework that regulates economic competition and coordination.
googletag.cmd.push( function() { // Enable lazy loading. googletag.pubads().enableLazyLoad({ renderMarginPercent: 150, mobileScaling: 2 }); // Display ad. googletag.display( "div-id-for-top-300x250" ); googletag.enableServices(); });The innovation associated with free markets only really comes about if the markets are actually free. Monopolies tend to chill innovation — what’s the point in investing in the R&D required for the new breakthrough if your customer base stays the same? This doesn’t just apply to widgets, it goes for news sources too. If a Google or a Facebook ultimately comes to control the mechanisms that determine how the average person sees the news, how will people find out if (read: when) something goes wrong at one of the companies? Take Amazon for example. They’ve already been mired in antitrust litigation that accused them of rigging search results to push their own products above other suppliers. If Google has free reign to control which stories get viewed, do you think they wouldn’t suppress other outlets trying to break through the search results? With the amount of Scout’s Honors I’ve seen the Supreme Court call on and do away with, I personally would like to see some actionable checks and balances when it comes to maintaining free speech.
Sponsored Building a Tax Mobility Compliance Program for a Global Workforce Show clients how to approach employee tax mobility, equity compensation, and related issues when managing a global workforce. From Morgan Stanley At Work and Above The LawWhat should the future of free speech look like? How should it be protected from corporate interests? Is antitrust the answer? Let us know at [email protected].
A New Law Can Help Us Keep The Robust Free Press Our Democracy Needs [LA Times]
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Originally posted on: https://abovethelaw.com/2022/10/what-to-do-when-free-speech-no-longer-pays-the-bills/