Tags: jeff zucker | feds | monopolies | google | facebook

CNN's Zucker: Google, Facebook Monopolies 'Biggest Issue'

Image: CNN's Zucker: Google, Facebook Monopolies 'Biggest Issue'
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By    |   Tuesday, 27 February 2018 09:27 AM

CNN boss Jeff Zucker said regulators looking at big media mergers should also pay attention to "monopolies" like Google and Facebook as they try to grapple with the rapidly changing landscape of digital news, Variety reports.

"Everyone is looking at whether these combinations of AT&T and Time Warner or Fox and Disney pass government approval and muster, the fact is nobody for some reason is looking at these monopolies that are Google and Facebook," Zucker said in a speech Monday at Mobile World Congress in Barcelona.

"That’s where the government should be looking, and helping to make sure everyone else survives. I think that's probably the biggest issue facing the growth of journalism in the years ahead."

"In a Google and Facebook world, monetization of digital and mobile continues to be more difficult than we would have expected or liked," Zucker said. "We need help from the advertising world and from the technology world to find new ways to monetize digital content, otherwise good journalism will go away."

Zucker's speech comes about three weeks before the trial date on the Justice Department's attempt to block AT&T's $84.5 billion acquisition of Time Warner, which includes CNN. As a condition of the merger, the Justice department wants AT&T to sell CNN, CBS Money Watch has reported.

President Donald Trump has feuded with CNN since the 2016 presidential campaign, saying it has a liberal bent and puts out "fake news."

Trump has denied meddling in the proposed merger deal.

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CNN boss Jeff Zucker said regulators looking at big media mergers should also pay attention to "monopolies" like Google and Facebook as they try to grapple with the rapidly changing "Everyone is looking at whether these...
jeff zucker, feds, monopolies, google, facebook
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2018-27-27
Tuesday, 27 February 2018 09:27 AM
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