Over 200 newspapers are suing Facebook and Google for killing their advertising

[Y2kTheNewOldies]

More than 200 newspapers are suing Facebook and Google, alleging that the tech titans have unfairly manipulated the advertising market, siphoning away their revenue and crippling their businesses.

The lawsuits are being filed on behalf of some 30 different companies that publish over 200 separate smaller newspapers across the country, and include a trove of local publications in Texas, West Virginia, Mississippi, Ohio and other states.

The suits, which were recently consolidated in New York state, come as the Justice Department, along with several state attorneys general, sued Google for violating antitrust laws. Facebook is facing a similar antitrust lawsuit from state attorneys general and the Federal Trade Commission.

https://nypost.com/2021/12/08/over-200-newspapers-are-suing-facebook-and-google-for-killing-their-advertising/

Parts of this is how news outlets were losing money in revenue.

 

[gr8oldies]

That ship seems to have sailed

 

[PTBoardOp94]

This is about online revenue, not print revenue. There were emails published recently that made it look like Google and Facebook were price-fixing online advertising, in which case these newspapers may have a case.

 

[landtuna]

It's called competition. I use FB and don't see a single commercial.

 

[Mikey Radio]

I didn't read the article thoroughly, but this is definitely not a case where newspapers can say that Facebook and Google are solely responsible for their losses of advertising revenue. Perhaps a part of it, sure but there are many factors that impact ad revenue for newspapers and other outlets. As technologies advance and preferences and habits change, those alone have an impact as well, and not a minor one. There are others.