Local news executive says local news sites in Catch 22 with internet platform dominance
WTOP News General Manager Joel Oxley tells the Senate Judiciary Antitrust Subcommittee in prepared statement at hearing on big tech challenges to journalism and the news industry that he was keenly aware of the significant financial resources needed to run a radio station and invest in equipment necessary to serve the public day in and day out 365 days a year and revenues had experienced a freefall in recent years due to rapid, anti competitive expansion of the dominant online platforms who had ended the advertising marketplace, tech platforms' market power undermining the online advertising model for local broadcast journalism as content gatekeepers stifling ability to generate user traffic second and their take it or leave it approach leaving local broadcasters with a below market sliver of those advertising revenues derived from products in a real Catch 22 to attract online user traffic through the major platforms and ad clicks dictated by online platforms to value their product.
PURCHASE A LICENSE
Get personalized pricing by telling us when, where, and how you want to use this asset.
DETAILS
Restrictions:
May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonor any member of the U.S. House of Representatives or U.S. Senate, or bring the House or Senate or any Member into disrepute.
Credit:
Editorial #:
1369336724
Collection:
FedNet
Date created:
February 02, 2022
Upload date:
License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:01:16:57
Location:
Washington, DC, United States
Mastered to:
MPEG-4 8-bit H.264 HD 1920x1080 59.94p
Source:
FedNet
Object name:
sju020222i
- Advertisement,
- Alertness,
- Anti-trust,
- Approaching,
- Authority,
- Broadcasting,
- Business Finance and Industry,
- Challenge,
- Color Image,
- Competition,
- Corporate Business,
- Day,
- Domination,
- Economy,
- Equipment,
- Film - Moving Image,
- Finance,
- Finance and Economy,
- Free Falling,
- Growth,
- HD Format,
- Horizontal,
- Industry,
- Internet,
- Investment,
- Journalism,
- Large,
- Leaving,
- Manager,
- Manufactured Object,
- New,
- Preparation,
- Radio,
- Raw Footage,
- Real Time Video,
- Senate Judiciary Committee,
- Sliver,
- Social Media,
- Station,
- Stock Market and Exchange,
- Technology,
- The Media,
- Traffic,
- USA,
- United States Congress,
- United States Senate,
- Washington DC,
- Working,