ADVERTISEMENT

ADVERTISEMENT

Facebook owner Meta to remove news from its platform if Congress passes media bill

Meta said it would be forced to remove news from its platform altogether if Congress passes the Journalism Competition and Preservation Act, arguing broadcasters benefited from posting their content on its platform.

Facebook
Signage is displayed outside Facebook headquarters in Menlo Park, California. Bloomberg photo by David Paul Morris
We are part of The Trust Project.

Facebook parent Meta Platforms Inc. said it would be forced to remove news from its platform altogether if Congress passes the Journalism Competition and Preservation Act , arguing broadcasters benefited from posting their content on its platform.

The Act makes it easier for news companies to negotiate collectively with internet giants like Meta and Google parent Alphabet Inc. regarding the terms on which the news companies' content may be distributed online.

Meta spokesperson Andy Stone in a tweet said the Act fails to recognize that publishers and broadcasters put content on the platform because "it benefits their bottom line — not the other way around."

A similar Australian law, which took effect in March 2021 after talks with the big tech firms led to a brief shutdown of Facebook news feeds in the country, has largely worked, a government report said .

Since the News Media Bargaining Code took effect, various tech firms including Meta and Alphabet had inked more than 30 deals with media outlets, compensating them for content which generated clicks and advertising dollars, the report added.

Related Topics: SOCIAL MEDIA
What To Read Next
"I believe if we're able to get to an agreement, we could have a funding agreement for the next two years," McCarthy said.
The tamarin monkey disappearance was the latest in a string of suspicious activity at the zoo, which included the cutting open of enclosures and the suspicious death of a 35-year-old vulture.
"We agreed to cooperate," Biden's personal lawyer, Bob Bauer, said in a statement on Wednesday, Feb. 1, saying more information would be released after the search was concluded.
The actor, known for portraying Shirley Feeney on the "Happy Days" spinoff died Jan. 25 after a brief illness, her family said.