Senate Majority Leader Chuck Schumer has held talks with Microsoft about the Journalism Competition and Preservation act (JCPA), a bill that would allow media companies to form a cartel, exempting them from antitrust law for the sole purpose of colluding with Big Tech companies for advantages over their competitors.
Excluding any media outlet that does not have a “dedicated professional editorial staff,” the bill would allow the newly-formed national media cartel to pressure Big Tech companies to give more ad revenue to the likes of BuzzFeed and the New York Times, as well as favor them in search results and news feed algorithms.
The bill has been slammed from all points of the political spectrum, as well as by independent antitrust and communications law experts who call it a gift to some of the wealthiest and most powerful media companies in the world.