Newly revamped federal legislation aimed at helping news publishers negotiate deals with tech giants would create a baseball-style arbitration process to settle disputes and wouldn’t apply to the biggest media companies, people familiar with the proposal said.
The legislation amends an earlier proposal called the Journalism Competition and Preservation Act, which would allow publishers to band together to negotiate compensation from online platforms that use their content, including Meta Platforms Inc.’s Facebook and Alphabet Inc.’s Google, without violating antitrust laws.
