Social media companies balk at California bill sharing ad revenues

An California law to make online platforms pay for news content hit a barrier as Facebook and Instagram announced they would block all news articles in California should the law pass. The law is intended to produce revenue for a strapped newspaper industry. (NPR, May 31, 2023, by Bobby Allyn)

Online advertising has sucked up ad revenues that the newspaper industry once dominated. The bill tries to make social media companies pay for content produced by news outlets. (The Washington Post, May 31, 2023, by Naomi Nix and Cristiano Lima)