The news industry is already in trouble. This seems like it could backfire in a way that news services might automatically be de-listed from many services and simply lose ALL of their traffic. Seems like it's meant to save them but could sink them by accident.
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This has been done in the past, and publishers always cave after seeing a massive drop in traffic. This new law makes it so that they can't allow Google to use their snippets for free even if they wanted to.
What they really need is for sites to stop ripping off their stories. How often do you see an article that is essentially a reprint of a story written somewhere else. It's not really a reprint, it's written as an alleged summary of the other story but contains all the details and some irrelevant banter by the author. This stuff is all over the internet and prevents readers from needing to read the original source.
Is it really any different in print media where half the stories come from AP or Reuters? Everyone is rewriting the same stories.
Pretty sure print media pays AP and Reuters. Which is the point here.