4: The So-called Journalism Competition and Preservation Act (HR 5190)

Antitrust Exemption for Big Media

#4 on the iAWFUL is probably the quirkiest one on the list.  HR 5190 is a federal bill that would exempt big media companies from antitrust laws – in order to allow them to form an otherwise illegal cartel.

With this new power, big media cartels could withhold their content from a platform and pressure those platforms into agreeing to other terms.  In doing so, the cartel could also force platforms to prioritize the cartel’s content over that of smaller news outlets.

Surprisingly, while HR 5190 empowers big media to ignore anti-trust laws, it has found support from the anti-tech movement – even those claiming to oppose media consolidation.  It’s part of a troubling trend where special interests attach their wish-lists to anti-tech rhetoric and “hipster antitrust”.

HR 5190 threatens to undermine a competitive media ecosystem and harm the social media platforms that Americans enjoy.  We should reject attempts by those representing the ‘old economy’ to maintain relevance and gain advantage to the detriment of the consumer.  Such a blatant attempt to do so lands this bill at #4 on iAWFUL.

To see what NetChoice has done to fight this iAWFUL bill, bills like it, and the underlying push behind hipster antitrust, take a look at the links below:

Bloomberg Law – ‘Hipster Antitrust’ Comes Under Senate Spotlight

The Hill – Innovation and success must remain our economic foundation

Morning Consult – The Amazon Acquisition of Whole Foods Is Huge…for 2% of America

The iAWFUL reflects the editorial views of the Executive Director of NetChoice and does not necessarily reflect the views of all NetChoice members.

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