The US News Business Could Take a Hit

The Journalism Competition and Preservation Act (JCPA) is set up to help news sources in the US by giving them the power to come to collaborative settlements with social media and search engine platforms to decide their revenue distribution. It applies to both local and national publishers, providing them with equal benefits. Despite the fact that the bipartisan JCPA has not been approved by the Senate, it did make it through the Judiciary Committee in September. Analysts contend that Meta will not actually take action on its warnings concerning its decision to omit US news from its websites, since this was an idle warning in both Australia and Canada. At this time, it is important to recall that Facebook invested 9 months planning to cause disruption in Australia, however in the end, this attempt was unsuccessful, and similar threats were also made to Canada. If the Joint Consumer Protection Act is accepted and Meta keeps its promise, the US news business could take a hit. For the past four years, publishers have seen their referral traffic drop off as Facebook began giving precedence to posts from acquaintances and family over those from pages. It is already the leading social media site for Americans when it comes to keeping tabs on the news. A Pew Research Analysis has shown that news consumption on the web is gradually migrating to YouTube and Twitter.

(source: https://www.searchenginejournal.com/meta-us-news-jcpa/473266/)