If there is one force in society worse than Big Tech, it’s Big Media – mainstream, establishment, and corporate media.
Yet a bill currently making its way through Congress would give a massive handout to the latter, ostensibly justified by criticism of the former.
The bill, introduced by Rep. David Cicilline (D-RI), is titled the “Journalism Competition and Preservation Act of 2019,” and it is a particularly troublesome piece of legislation, even by Democrat standards.
The title of a bill is quite deceptive. Far from promoting “competition,” the current version would instead cement the advantage of the establishment and corporate media at the expense of its competitors.
It would give Big Media companies a special exemption from antitrust law, allowing them to form a cartel that would, under normal circumstances, be illegal to create. But 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.
Furthermore, there is nothing in the bill that would prevent the bigger media companies from excluding smaller companies from the cartel. If passed, there would be nothing to stop the formation of a cartel that includes CNN, NBC, MSNBC, the New York Times, the Washington Post, and other big companies, while excluding smaller competitors in the independent media — not to mention local newspapers. Such a cartel would secure favorable rates for the former while leaving the latter in the dust.