Journalism is at an inflection point after decades of crisis. Since the early 2000s, over 20% of newspapers have shuttered. The situation is dire for our democracy, given how an informed citizenry relies on a vibrant and commercially stable news industry at the local, regional, and national level. Big Tech played a significant role in driving this trend, which has accelerated since the pandemic, with an average of two and half newspapers disappearing every week–creating local “news deserts” and troubling gaps in coverage of local politics.
But are there finally signs of hope on the horizon?
The Department of Justice just won a landmark trial victory against Google based on its monopolization of general search markets–including text ads. Another lawsuit targeting Google’s adtech monopoly, which alleges that Google diverted revenue from news publishers (while also price-gouging advertisers), is about to go to trial. Meanwhile, artificial intelligence is rapidly transforming the media landscape.
Could these developments unlock new investment opportunities in the journalism industry? Or do lawmakers need to step up efforts to provide creative solutions?
Tomorrow, on August 28th at 1pm EST, join the American Economic Liberties Project to answer these questions. The event will feature a panel of attorneys and experts on the business and practice of journalism, including:
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Danielle Coffey, President and CEO of News/Media Alliance
- Jason Kint, CEO of Digital Content Next
- Roger McNamee, Founding Partner of Elevation Partners
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Helaine Olen, Journalist, and Managing Editor at the American Economic Liberties Project
- Lee Hepner, Senior Legal Counsel at the American Economic Liberties Project
