The Journalism Competition and Preservation Act of 2019 is currently making its way through Congress and if passed, would be a massive blow to small media companies.
According to govtrack.us, the bill creates a four-year safe harbor from antitrust laws for print or digital news companies to collectively negotiate with online social media companies regarding the terms on which the news companies’ content may be distributed by online content distributors.
A report published by Breitbart this week criticizes the bill, saying it would give Big Media companies a special exemption from antitrust law, allowing them to form a cartel, meaning big companies would maintain prices at a high level while restricting the competition.
“Why should these establishment news companies be given a special exemption from antitrust law to negotiate on their own behalf something that applies only to their select few and not to all news companies and journalists? Of course, they should not,” Brietbart wrote.
In addition, the bill would allow for bigger media companies to exclude smaller companies from the cartel.
According to Breitbart, if the bill is passed, there would be nothing to stop the formation of an cartel that includes CNN, NBC, MSNBC, the New York Times, the Washington Post and other big media companies, while excluding smaller competitors in the independent media, such as local newspapers.
This bill would leave journalism in the hands of Big Tech by allowing the government to give them special exemption from antitrust laws.
The corporate media, which leans left, is pushing for this bill.
Breitbart is calling for this bill to be opposed at all costs.
“Conservatives who want to empower the establishment media which has too often made clear their intention to destroy conservatives are just sowing the seeds of their own destruction.”
Follow Annaliese Levy on Twitter @AnnalieseLevy
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BLM co-founder used funds to pay sister, mother, brother and child’s father
Released tax filings show just how Black Lives Matter co-founder Patrisse Cullors spent the millions of dollars raised from “White guilt.” She paid roughly $970,000 to the company of her child’s father to help “produce live events” and other “creative services.”
Over $840,000 was paid to her brother, Paul Cullors, for security services. Daily Mail wrote that “leaders have attempted to justify” the expenses to her brother by saying the “foundation’s protection could not be entrusted to former police professionals who typically run security firms because the BLM movement is known for vehemently protesting law enforcement organizations.”
It was recently disclosed that she bought a $6 million mansion in L.A. for the organization, and denied she took money from BLM for personal matters, although shortly after it was unearthed that she had used the mansion for her own parties.
Cullors also reportedly “reimbursed BLM $73,523 for a charter flight for foundation-related travel, which the organization says she took in 2021 out of concern for COVID-19 and security threats.”
Cullors resigned last year from the organization due to criticism of her finances, such as purchasing multiple homes for herself that cost millions of dollars combined. She also admitted the charity was paying for “employment” of her sister, mother, and brother.
Black Lives Matter Global Network Foundation Inc revealed from July 1, 2020 to June 30, 2021, it ended the fiscal year with nearly $42 million in net assets. “The foundation invested $32 million in stocks from the $90 million it received as donations amid racial justice protests in 2020” adds Daily Mail.
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