TECH ON TRIAL: HOUSE MULLS ANTITRUST HELP FOR NEWS INDUSTRY
Members of both parties suggested legislation may be necessary for the financially-struggling U.S. news industry as lawmakers began a bipartisan investigation into the market dominance of Silicon Valley companies.
At a hearing of the House Judiciary Committee’s antitrust panel, news media associations accused the tech companies of jeopardizing the news industry’s economic survival by putting out news content on their platforms without fairly compensating them for it.
“This is the first significant antitrust investigation undertaken by Congress in decades,” Rep. David Cicilline, D-R.I., the subcommittee’s chairman, said at the start of the hearing. The investigation
