Gannett Files Federal Lawsuit Against Google

Gannett Co., Inc. (NYSE: GCI) the largest publisher in the United States including USA TODAY and over 200 local publications, today filed a federal lawsuit in U.S. District Court for the Southern District of New York against Google for monopolization of advertising technology markets and deceptive commercial practices. The lawsuit seeks to restore competition in the digital advertising marketplace and end Google’s monopoly, which will encourage investment in newsrooms and news content throughout the country.

As more Americans read the news online, publishers depend on digital advertising revenue to provide timely, cutting-edge reporting and content that communities across the country rely on. Google’s practices have depressed revenue and impacted local newsrooms adversely by monopolizing the markets for important software and technology products that publishers and advertisers use to buy and sell ad space.

Google controls 90% of the market for “publisher ad servers,” which publishers use to offer ad space for sale. Google also controls over 60% of the market for “ad exchanges,” which run auctions among advertisers bidding for ad space on publishers’ websites. Google controls the largest source of advertisers bidding on exchanges. For Gannett, 60% of all buyers come through Google. The result is Google unfairly controlling selling, buying, and the exchange that matches sellers and buyers – and manipulating all aspects of online advertising transactions.
more at: https://investors.gannett.com/news/news-details/2023/Gannett-Files-Federal-Lawsuit-Against-Google/default.aspx

Related Posts

With Fantasy on Fire, Print Book Sales Are Catching Up to 2023 (publishersweekly.com)

Books by Sarah J. Maas and Rebecca Yarros, among the bestselling books of 2024 so far, sparked a huge increase in the adult fantasy category and helped keep print sales roughly flat with the first half of 2023. Spurred by huge gains in the adult fantasy genre, unit sales of print books rose 1.1% in the second quarter of 2024 over the comparable period in 2023 at outlets that report to Circana BookScan. The second quarter increase was nearly enough to offset the 1.7% decline in the first quarter, putting unit sales down only 0.4% in the first half of the year.

Walmart on way to a hiring milestone

Walmart has kept good on a pledge it made back in 2013 to hire thousands of veterans. Since Memorial Day 2013, Walmart has hired more than 188,000 veterans and promoted more than 26,000 to roles of greater responsibility. The company is well on its way to reach its hiring goal of 250,000 veterans by 2020. On Friday, Walmart announced it is launching a curated showcase where customers can shop to salute the nation’s military, veterans and their families. Click Read More below for additional information.

Macmillan to Close Its Self-Publishing Unit, Pronoun

In a move that surprised many in the self-publishing community, Macmillan has announced that it will cease all operations at Pronoun, a self-publishing platform that it acquired in May 2016. Jeff Seroy, senior v-p of publicity and marketing at Macmillan's Farrar Straus and Giroux unit, confirmed the shutdown. Asked why Pronoun was being shuttered 18 months after the acquisition, Seroy said despite Macmillan investment in the platform and “terrific” feedback from Pronoun authors, “we came to the conclusion that there wasn't a path forward to a profitable business model and decided to shut down the platform." Seroy said Macmillan will, “continue to invest in the data and analytics side of the company as we have found it of great value.” He also said that former Pronoun CEO Josh Brody and former chief product officer Ben Zhuk left Macmillan earlier in the year. Click Read More below for additional information.
Back To Top
×Close search
Search