Saturday, November 9, 2024

Journalism Preservation Act to make Big Tech pay for news survives key hearing

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A bill to make Google and Facebook owner Meta pay publishers for news they present on their platforms survived its passage through a state legislative chamber where potential laws often go to die.

Assembly Bill 886 would compel the technology giants to pay negotiated annual, lump-sum fees into a fund for news outlets, or enter mediation or arbitration and negotiate paying media companies a share of their digital-ads revenue.

On Thursday, the bill made it through the notoriously deadly suspense file hearing before the state Senate’s Appropriations Committee, passing 4-2, with Republican senators voting no.

Frequently, the majority of bills put in the suspense file quietly expire.

Negotiations over AB 886 involving news publishers, tech-industry representatives and legislators continue as it makes its way toward the August 31 deadline for the legislature to pass bills, according to the office of East Bay Assemblymember Buffy Wicks, the bill’s author.

If passed, Gov. Gavin Newsom would have to sign or veto it by September 30.

A spokesman for Newsom said this week he “will evaluate this bill on its merits should it reach his desk.”

The bill, co-authored by assembly members Bill Essayli, a Riverside Republican, and Josh Lowenthal, a Long Beach Democrat, passed the state Assembly in June 2023.

Many news publishers and some politicians blame Google and Meta for the thousands of newspapers closed in the U.S. since 2005. As news and advertising moved online and major internet platforms attracted vast audiences, publishers were essentially forced to allow their content onto the platforms with “little to no compensation,” Wicks has said.

Google hauls in 28% of digital advertising revenue worldwide, with Meta close behind with 23%, according to eMarketer.

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