S4291-118

1. Short title This Act may be cited as the Local News and Broadcast Media Preservation Act of 2024.

2. Regulation of broadcast ownership by the Federal Communications Commission The Federal Communications Commission may not impose any limitation on the number of radio or television stations— that a person or entity may directly or indirectly own, operate, or control; or in which a person or entity may have a cognizable interest. In accordance with paragraph (1), the Federal Communications Commission shall repeal section 73.3555 of title 47, Code of Federal Regulations. Section 202 of the Telecommunications Act of 1996 (Public Law 104–104; 110 Stat. 110) is amended by striking subsections (a) through (d) and (h). The Federal Communications Commission may not impose any limitation on the ability of a person or entity to own 1 or more daily newspapers and 1 or more full-power broadcast stations.

3. Clayton Act Section 7 of the Clayton Act (15 U.S.C. 18) is amended by adding at the end the following: For purposes of an acquisition described in this section, the market share in any geographic market of the television broadcasting market, the radio broadcasting market, or the daily newspaper publication market (or any relevant product market within such markets) of the acquiring person as a result of the acquisition shall not be considered to substantially lessen competition or to tend to create a monopoly. For purposes of an acquisition described in this section, the market share in any geographic market of the television broadcasting market, the radio broadcasting market, or the daily newspaper publication market (or any relevant product market within such markets) of the acquiring person as a result of the acquisition shall not be considered to substantially lessen competition or to tend to create a monopoly..

4. Safe harbor for certain collective negotiations In this section: The term antitrust laws— has the meaning given the term in subsection (a) of the first section of the Clayton Act (15 U.S.C. 12); and includes— section 5 of the Federal Trade Commission Act (15 U.S.C. 45) to the extent that section applies to unfair methods of competition; and any State law (including regulations) that prohibits or penalizes the conduct described in, or is otherwise inconsistent with, subsection (b). The term news content creator means— any print, broadcast, or digital news organization that— has a dedicated professional editorial staff that creates and distributes original news and related content concerning local, national, or international matters of public interest on at least a weekly basis; and is commercially marketed through subscriptions, advertising, or sponsorship; and provides original news and related content, with the editorial content consisting of not less than 25 percent current news and related content; or broadcasts original news and related content pursuant to a license granted by the Federal Communications Commission under title III of the Communications Act of 1934 (47 U.S.C. 301 et seq.). The term online content distributor means any entity that— operates a website or other online service that displays, distributes, or directs users to news articles, works of journalism, or other content on the internet that is generated by third-party news content creators; and has not fewer than 1,000,000,000 monthly active users, in the aggregate, of all of its websites or online services worldwide. A news content creator may not be held liable under the antitrust laws for engaging in negotiations with any other news content creator during the 4-year period beginning on the date of enactment of this Act to collectively withhold content from, or negotiate with, an online content distributor regarding the terms on which the news content of the news content creator may be distributed by the online content distributor, if— the negotiations with the online content distributor— are not limited to price; are nondiscriminatory as to similarly situated news content creators; directly relate to the quality, accuracy, attribution or branding, and interoperability of news; and pertain to terms that would be available to all news content creators; the coordination between the news content creators is directly related to and reasonably necessary for negotiations with an online content distributor that are otherwise consistent with this Act; and the negotiations do not involve any person that is not a news content creator or an online content distributor. Except as provided in this Act, this Act shall not be construed to modify, impair, or supersede the operation of the antitrust laws.