US Congress Advances Bill to Support Collective Bargaining for Google-News Media Usage Fees
[Asia Economy New York=Special Correspondent Joselgina] On the 23rd (local time), major foreign media reported that a bill is being promoted in the United States to allow media companies to easily conduct collective negotiations over content usage fees with major platforms such as Google and Facebook.
According to reports, some bipartisan members of the U.S. Senate and House of Representatives have announced an amendment to the "Journalism Competition and Protection Act" based on this content. The main point is to support news organizations in collectively negotiating with news content platforms and receiving fair compensation. Senators Amy Klobuchar (Democrat) and John Kennedy (Republican), members of the Senate and House Judiciary Committees, along with Representatives David Cicilline (Democrat) and Ken Buck (Republican) from the House, participated as co-sponsors.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
This bill applies to media companies with fewer than 1,500 full-time employees, broadcasters that are not network broadcasters, and others. It is a revision of the bill introduced last March, which applied to all media companies publishing news at least on a weekly basis.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.