Exploring San Nicolas Wednesday
June 12, 2019
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Tech on trial: House mulls antitrust help for news industry By MARCY GORDON AP Business Writer WASHINGTON (AP) — Members of both parties on Tuesday suggested legislation may be necessary for the financially-struggling U.S. news industry as lawmakers began a bipartisan investigation into the market dominance of Silicon Valley companies. At a hearing of the House Judiciary Committee’s antitrust panel, news media associations accused the tech companies of jeopardizing the industry’s economic survival by putting news content on their platforms without fairly compensating them. “This is the first significant antitrust investigation undertaken by Congress in decades,” Rep. David Cicilline, D-R.I., the subcommittee’s chairman, said at the start of the hearing. The investigation is long overdue, he said, and Congress must determine whether the antitrust laws “are equipped for the competition problems of our modern economy.” Cicilline noted the steep layoffs in the news indus-
Kevin Riley, editor of the Atlanta Journal-Constitution, right, talks with David Pitofsky, General Counsel of News Corp, during their appearance before the House Judiciary Antitrust subcommittee hearing on ‘Online Platforms and Market Power’, on Capitol Hill in Washington, Tuesday, June 11, 2019. Associated Press
try in recent years, saying the dominant position of the online platforms in the advertising market has cre-
ated “an economic catastrophe for news publishers, forcing them to cut back on their investments in
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quality journalism.” At the same time, he said, tech platforms that are gateways to news online “have
operated with virtual immunity from the antitrust laws.” Continued on Page 2