California's Journalism Preservation Act failed, resulting in a non-binding $125M journalism fund pledge, subject to legislative approval and concerns about smaller publishers.
California's effort to regulate payments from digital platforms to local news outlets, through the California Journalism Preservation Act, collapsed due to Google’s lobbying and divisions among news publishers. A nonbinding agreement emerged, promising $125 million over five years for a journalism fund, but lacks legal assurance and requires legislative approval. Questions remain about the distribution of funds and the impact on smaller publishers.
September 20, 2024
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