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US media giant Gannett sues Google over "monopolization of advertising technology markets" and "deceptive commercial practices" (web.archive.org)

submitted 1 year ago by [email protected] to c/[email protected]

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In 2022, Google made upwards of $30 billion in revenue from the sale of ad space on publishers’ websites which was six times the digital advertising revenue of all U.S. news publications combined, according to a statement by Gannett.

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Newspapers had local monopolies for decades, so they're well positioned to understand monopoly practices. Gannett is throwing a tantrum because consolidation-via-underpants-gnomes-logic alongside "partnerships" with online companies handed that monopoly to someone else.

Totally self inflicted.