Journalism Competition and Preservation Act of 2023

This bill creates a framework for qualifying news organizations to form groups to negotiate with large online platforms about fair payment for their content. It allows these groups to jointly deny platforms access to their content during negotiations and use binding arbitration to determine fair compensation based on the content's market value. The bill provides antitrust immunity for these negotiations, requires platforms to pay based on the value of news content rather than platform benefits, and includes transparency requirements for how funds support journalism. It defines specific eligibility criteria for news organizations and platforms, and sets a 6-year expiration for the law.