US media giant Gannett sues Google over "monopolization of advertising technology markets" and "deceptive commercial practices" (web.archive.org)

submitted 1 year ago by 0x815@feddit.de to c/news@beehaw.org

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In 2022, Google made upwards of $30 billion in revenue from the sale of ad space on publishers’ websites which was six times the digital advertising revenue of all U.S. news publications combined, according to a statement by Gannett.

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[-] Jck2905@beehaw.org 4 points 1 year ago

Sounds like good news to me. The article also states the doj and eu have launched similar lawsuits. Any reason this could be bad?

[-] Powderhorn@beehaw.org 4 points 1 year ago

Any win for Gannett is not a win for journalism, it's a win for shareholders. Whether that's bad depends on your views.

[-] takelgryph@pawb.social 3 points 1 year ago

Given how much Gannett is to blame for newspaper consolidation and the resulting shitshow, this feels more like a "let them fight" at best.

[-] Banzai51@midwest.social 2 points 1 year ago

Gannett: My actions have disastrous consequences. We should sue Google!

[-] Jck2905@beehaw.org 1 points 1 year ago

Ohh, I never looked into gannet before so thank you for sharing!

[-] Domiku@beehaw.org 0 points 1 year ago

Yeah -- I'm in the "let both of the capitalist megacorps lose" camp.

[-] rothaine@beehaw.org 1 points 1 year ago

Lawyers on both sides: 💰💰💰

[-] Powderhorn@beehaw.org 2 points 1 year ago* (last edited 1 year ago)

Newspapers had local monopolies for decades, so they're well positioned to understand monopoly practices. Gannett is throwing a tantrum because consolidation-via-underpants-gnomes logic alongside "partnerships" with online companies handed that monopoly to someone else.

Totally self inflicted.

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this post was submitted on 21 Jun 2023

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