Matt Stoller: Google is stealing from Canadian newspapers and … – Goderich Signal-Star
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For 15 years, we’ve all been hearing a fake story about why newspapers around the world are dying. It goes like this — the internet killed the news, with old, slothful media companies being unwilling to adapt to new technology. The closer you look, the less sense this story makes. There are plenty of new media companies, everyone from the Huffington Post to BuzzFeed, digitally native firms with deep pockets and clever managers, who can generate huge amounts of web traffic, but aren’t able to sell the advertising to monetize it. And there is still advertising, lots of it. It’s just that the money for those ads isn’t going to the newspapers on whose sites they sit.
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So, what is going on?
The real story of why newspapers are suffering can be found in an action in January by U.S. Attorney General Merrick Garland, when the U.S. Justice Department’s Antitrust Division, along with eight U.S. states, filed a suit to break up Google’s advertising business….
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