In response to Meta’s statement on Monday that it would consider removing news from Facebook if the Journalism Competition and Preservation Act — a bill that would require the dominant tech platforms to fairly compensate news publishers for use of their content — is passed in the U.S., the News/Media Alliance stated:
Facebook’s threat to take down news is undemocratic and unbecoming. As the tech platforms compensate news publishers around the world, it demonstrates there is a demand and economic value for news. These threats were attempted before the Australian government passed a similar law to compensate news outlets, played out unsuccessfully, and ultimately news publishers were paid. The Australian law resulted in countless jobs for local journalists and $140 million to news outlets, which translates to billions in the U.S.
