Executives from seven newspaper companies lobbied Capitol Hill yesterday to urge Congress to pass the “Journalism Competition and Preservation Act,” a bill that fights the dominance of tech companies like Google and Facebook in the digital content business.
Reports show the duopoly is taking 60% of digital ad revenue, contributing to the decline of the ad-supported newspaper business model and the closure of newspapers nationwide.
Publishing executives from Gannett, Los Angeles Times, Star Tribune, News Corp, Philadelphia Inquirer, Charleston’s Post & Courier and Tribune Publishing gathered to meet with senators and representatives to encourage their support of the News Media Alliance's anti-trust safe harbor bill.
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