The News Industry Set to Tackle Facebook and Google

The news industry has never been more dependent on tech companies and the massive distribution platforms they operate on the internet, leading to a long-standing and ongoing existential crisis in journalism. This isn’t exactly a secret — nearly half of all American adults rely on Facebook as a primary news delivery mechanism, and both the social network and Google collectively control more than two-thirds of the entire online advertising market. But it’s something that has publishers so worried that they’re now deciding to band together to do something about it.

The group, which is being represented by newspaper industry trade group the News Media Alliance, is now planning on asking Congress for an antitrust exemption to let news organizations collectively bargain, like a union would, with Facebook and Google…

Read the rest here on The Verge.

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