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Lawmakers Blast Amazon-MGM Deal, But The Government Likely Would Have A Hard Time Stopping It
UPDATED, with Klobuchar comment: Amazon’s planned $8.45 billion acquisition of MGM got a chilly reception from some Capitol Hill lawmakers, but there may not be much that they can do to stop it.
The opposition largely centers on Amazon, already with a market cap of more than $1.6 trillion, getting even bigger. But…
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By Ted Johnson
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6 Comments Comment on Lawmakers Blast Amazon-MGM Deal, But The Government Likely Would Have A Hard Time Stopping It
Lawmakers Debate A Proposed Solution To Power Of Facebook And Google: Antitrust Immunity For News Media
This week a bipartisan group of lawmakers proposed a solution to the dominance of Google and Facebook: Give the news media a whole lot more heft.
Their bill, the Journalism Competition and Preservation Act, would allow print, online and broadcast outlets to band together to negotiate content deals with online…
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By Ted Johnson
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Lawmakers Reintroduce Bill To Allow News Media To Collectively Negotiate With Big Tech Platforms
A bipartisan group of House and Senate lawmakers reintroduced a bill on Wednesday to allow news media outlets to collectively negotiate content deals with online platforms, an effort to give the local news industry more leverage in dealing with big tech.
The Journalism Competition and Preservation Act will give the…
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By Ted Johnson
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House Democrats Introduce Article Of Impeachment Against Donald Trump
2nd UPDATE, 8:51 AM PT: House Democrats introduced an article of impeachment against Donald Trump, charging him with inciting last week’s riot and siege on the U.S. Capitol.
Rep. Ted Lieu (D-CA), Rep. David Cicilline (D-RI) and Rep. Jamie Raskin (D-MD) introduced the impeachment resolution, and a vote could come as…
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By Ted Johnson
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Key Lawmaker Proposes Moratorium On Corporate Mergers During Coronavirus Crisis
Rep. David Cicilline (D-RI), who chairs a House subcommittee on antitrust and competition, is proposing that the next coronavirus relief legislation include a moratorium on corporate mergers and acquisitions.
“As millions of businesses struggle to stay afloat, private equity firms and dominant corporations are…
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By Ted Johnson
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