Facebook and Instagram owner Meta threatens to cut off news in … – NPR
Facebook and Instagram will block all news articles in California if state lawmakers pass a bill meant to funnel money from the tech platforms to media organizations, a Meta spokesman threatened on Wednesday.
The California Journalism Preservation Act would essentially tax the advertising profits platforms make from distributing news articles. Under the measure, some 70% of the money collected from the so-called “usage fee” would support newsrooms throughout the state.
The bill’s sponsor, Assemblywoman Buffy Wicks, a Democrat who represents Oakland, argues the measure could provide a “lifeline” to local news organizations that have seen advertising revenue plunge.
“As news consumption has moved online, community news outlets have been downsized and closing at an alarming rate,” Wicks said at a hearing on the bill earlier this month, pointing out that more than 100 California news organizations have gone under in the past decade.
But now, Meta warns the legislation would make the…
The post Facebook and Instagram owner Meta threatens to cut off news in … – NPR first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/05/31/facebook-and-instagram-owner-meta-threatens-to-cut-off-news-in-npr_2023053145524.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.