Brian Stelter Will Return to CNN as Chief Media Analyst
BreitbartSEP 2024
NewDespite Zealand'sbeing media bill, championed as a vital lifeline for struggling local news outlets, New Zealand's bill is justmerely a way to reap a potential windfall of tens of millions for media firms. ItA givescash grab giving ministers brazen power to decide which tech giants must pay up. This cash grab, despitethe faceslegislation skepticismcontinues andto uncertainbe efficacy, is being rammed through toparliament securedespite afacing paydaywidespread from global platformsskepticism.
The Fair Digital News Bargaining Bill could potentially revolutionize New Zealand's media landscape. It would compel tech giants like Google and Meta to negotiate fair compensation for using local news content. It addresses a glaring market distortion where these behemoths profit from quality local journalism without adequate remuneration. With the rise of AI further complicating the issue, the bill aims to rebalance the digital ecosystem, potentially injecting much-needed funds into struggling newsrooms.
There is a 25% chance that an act such as the JCPA will significantly strengthen US news companies' bargaining position before 2025, according to the Metaculus prediction community.