Brian Stelter Will Return to CNN as Chief Media Analyst
BreitbartSEP 2024
Despite being presented as a vital lifeline for struggling local news outlets, New Zealand's bill is merely a way to reap a potential windfall of tens of millions for media firms. A cash grab giving ministers brazen power to decide which tech giants must pay up, this legislation continues to be rammed through parliament despite facing widespread skepticism.
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 the use of local news content. It addresses a glaring market distortion where these behemoths profit from quality local journalism without adequate remuneration. The bill aims to rebalance the digital ecosystem, potentially injecting much-needed funds into struggling newsrooms.
There's 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.