(MENAFN) Facebook parent Meta Platforms Inc. on Monday warned to remove news from its platform if the US Congress passes a suggestion against making it simpler for news agencies to discuss collectively with businesses such as Alphabet Inc’s Google and Facebook.
Sources informed on the matter announced politicians are considering adding the Journalism Competition and Preservation Act to a must-pass yearly defense bill as way to aid the stressed local news industry.
Meta spokesperson Andy Stone shared a tweet saying the company would be forced to consider removing news if the rule was passed “rather than submit to government-mandated negotiations that unfairly disregard any value we provide to news outlets through increased traffic and subscriptions.”
He also said the suggestion could not recognize that publishers and newscasters put content on the platform as “it benefits their bottom line — not the other way around.”
The News Media Alliance, a trade group on behalf of newspaper publishers, is calling for Congress to add the bill to the defense bill, claiming that “local papers cannot afford to endure several more years of Big Tech’s use and abuse, and time to take action is dwindling. If Congress does not act soon, we risk allowing social media to become America’s de facto local newspaper.”
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