(New York, NY) -- Lawmakers are trying to help local media outlets compete as Big Tech continues to expand.
On CNN's State of the Union, Minnesota Senator Amy Klobuchar talked about the Journalism Competition and Preservation Act, which would allow news outlets to bargain with advertisers and strengthen their negotiating position against big tech companies.
The Washington Post reports that between 2005 and 2021, more than two-thousand local newspapers shut down across the country. Newspaper ad revenue has also seen a steep decline in recent years, as Pew Research shows it has dropped from 37-billion dollars in 2018 to less than nine billion dollars in 2021.
A hearing was held on the legislation last week.