FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. Picture taken with a fisheye lens. REUTERS/Arnd Wiegmann
WASHINGTON: Bipartisan US efforts to give news outlets new tools to collectively negotiate with large tech firms collecting the bulk online advertising revenue won support on June 11 at a US House Committee hearing on the fate of local journalism.
US newspapers have cut thousands of jobs as the industry's ad revenue has fallen 65% to US$16.4bil (RM68.24bil) since 2005, while companies like Alphabet Inc's Google and Facebook Inc have seen a dramatic jump in online ad revenue.
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