Clown Market Authority strikes again
Wonderful. The CMA rides to the rescue of an industry that long ago stopped producing anything worth rescuing.
Let's be honest about what's actually "suffering" here. The vast majority of publishers don't generate news, they launder it. A wire copy lands from one of the big agencies, gets a fresh headline, a byline from someone who never left the office, and three paragraphs of "context" carefully shaped to never trouble whoever owns the masthead. Multiply that across forty outlets and you have what passes for a free press: the same story, forty times, none of it asked a single question anyone in power didn't want asked.
So forgive me if I don't weep that Google's robot now summarises the slop before you click. The summary is arguably the more honest product, since at least it doesn't pretend there was original reporting underneath.
For two decades the model was: take cheap syndicated content, wrap it in ads, harvest the clicks. AI Overviews just removed the click, and suddenly an entire sector discovers it has no reason to exist beyond the referral traffic it was always parasitic on.
Where's the investigative desk? Gone. Local news? A memory. The uncomfortable angle, the inconvenient source, the story that costs an advertiser? Quietly killed in the budget review years before any AI showed up. The regulator is busy preserving the husk and calling it the organism.
If publishers want "bargaining power," here's a radical idea: publish something a machine can't trivially reproduce from a press release. Independence from your proprietor would be a start. Until then, "fair exchange of value" is a polite way of demanding Google pay rent on content that was never worth the bandwidth.
Some of them deserve to perish. The market is finally agreeing.