Antitrust Chronicle – Extra! Extra! Read All About Big Data, The News & Antitrust

Antitrust Chronicle – Extra! Extra! Read All About Big Data, The News & Antitrust

“Fake news” is nothing new. A century after William Randolph Hearst built what was then the largest international media empire – at times critiqued for its brand of yellow journalism, questionable sources and abuse of political influence – the topic of fake news is again in the spotlight and also part of today’s antitrust discussion. […]

Is “Fake News” A Competitive Problem?

Is “Fake News” A Competitive Problem?

By Allen Grunes –  The article starts by putting fake news into historical context. Because fake news primarily takes written form, it then discusses the decline of the U.S. newspaper industry after the appearance of Craigslist and the subsequent inability of newspapers to capture a significant share of online ad revenue. Turning to the question […]

Fake News Is A Real Antitrust Problem

Fake News Is A Real Antitrust Problem

By Sally Hubbard –  This essay will explore two primary reasons why fake news is an antitrust problem. First, Facebook and Google compete against legitimate news publishers for user attention, data and advertising dollars. The tech platforms’ business incentives run counter to the interests of legitimate news publishers, and the platforms pull technological levers that […]

Online Platforms And The Commoditization Of News Content

Online Platforms And The Commoditization Of News Content

By Jonathan Kanter & Brandon Kressin –  As news content moves online, consumers are beginning to view articles as fungible commodities rather than unique offerings from differentiated publishers. Dominant online platforms have an incentive to encourage this “commoditization” of news, because it makes both consumers and publishers more reliant on the platforms. At the same […]

Fake News Is Not An Antitrust Problem

Fake News Is Not An Antitrust Problem

By Seth B. Sacher & John M. Yun –  Recently, there have been prominent calls to use antitrust enforcement to achieve objectives beyond that of protecting the competitive process. Adding to this increasing litany is an appeal to use antitrust to regulate the distribution of “fake news.” Specifically, there is an assertion that Facebook competes […]

Fake News’s Not-So-Real Antitrust Problem: Content Remains King

Fake News’s Not-So-Real Antitrust Problem: Content Remains King

By Gus Hurwitz –  The contemporary problem of fake news is urgent but difficult to address. Fake news propagates across social media platforms, competing with better sources of information (“real news”) for consumer attention. As social media platforms have grown over the past decades from myriad small discussion forums to dominant platforms traditional news media […]

The Achilles Heel To Newspaper Mergers: Product Market Definition

The Achilles Heel To Newspaper Mergers: Product Market Definition

By Veronica Roberts & Alex White –  The newspaper industry has been suffering serious structural decline for more than a decade, due to ever increasing competition from online and other sources of media. But attempts to rationalize costs in the industry through consolidation have often been stymied by competition authorities’ reluctance to widen traditional product […]

Artificial Intelligence, Incentives To Innovate, And Competition Policy

Artificial Intelligence, Incentives To Innovate, And Competition Policy

By Samuel Himel & Robert Seamans –  Artificial intelligence (“AI”) relies on the use of large datasets to train AI algorithms. Access to such data is therefore a critical resource, the lack of which may create barriers to entry for both AI startups and established firms developing AI technologies. We describe how existing and new […]