Tech Giants May Fund Local News Under New California Bill

The California Senate has passed a bill that could allocate $500 million annually to fund journalism jobs across the state. 

Senate Bill 1327, introduced by Senator Steve Glazer, proposes to impose a data-mining fee on major tech companies to finance this initiative. The bill secured the necessary two-thirds majority to advance in the legislature.

This development follows closely on the heels of another pro-journalism measure, the California Journalism Preservation Act, which cleared the Senate Judiciary Committee with a 9-2 vote. Both bills have garnered support from prominent journalism unions, including the NewsGuild-CWA and its local chapters.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

The California Journalism Preservation Act (AB 886), sponsored by Assembly Member Buffy Wicks, aims to establish a journalism usage fee targeting digital advertising giants like Google (Nasdaq: GOOG) and Meta (Nasdaq: META). The bill stipulates that 70% of the collected funds must be reinvested in preserving journalism jobs within California.

Journalism advocates argue that these measures are crucial for maintaining a robust local news ecosystem. NewsGuild-CWA President Jon Schleuss emphasized the critical role journalists play in communities and democracy, noting the significant loss of journalism jobs over the past decade.

“It’s a strong indicator to me that Californians and the officials elected to represent them understand the critical role that journalists play in our communities and our democracy. We must protect local journalism and the brave working journalists who bring us the news,” he said.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Red Cloud Fall Mining Showcase 2026 | Day 2

More Gold Without a Bigger Upfront Bill? | Keith Boyle – New Found Gold

The Red Cloud Fall Mining Showcase 2026 | Day 1

Recommended

First Majestic Hits 4.24 g/t Gold Over 48.8 Metres at Saval as Jerritt Canyon Restart Advances

First Majestic Lifts Q3 Revenue 38% to US$394.1 Million on Higher Silver Prices

Related News

California To Ban Sale Of Diesel Trucks In 2036, Forces Trucking Firms To Go Electric

Electric pickups and big-rig’s might hardly even exist, but California is determined to force their...

Sunday, April 30, 2023, 11:17:00 AM

California AG Releases Unredacted Evidence of Amazon Price-Fixing Scheme Involving Levi’s, Walmart, Chewy

California Attorney General Rob Bonta released unredacted court evidence on Monday showing that Amazon (Nasdaq:...

Tuesday, April 21, 2026, 02:59:51 AM

Environmental Groups Join Forces to Stop Progress in California

Governor Gavin Newsom of California is facing opposition from over 100 environmental groups, including the...

Tuesday, June 20, 2023, 01:29:00 PM

California Introduces Bill That Would Allow Businesses to Terminate Commercial Lease Agreements

As lockdowns across the US are beginning to subside, it appears that many small and...

Wednesday, June 3, 2020, 02:46:00 PM

Tesla Executives Knew Robotaxi Claims Were Overstated, Documents Show

Tesla (Nasdaq: TSLA) executives privately acknowledged to California regulators that their vehicles lack true autonomous...

Tuesday, August 5, 2025, 11:17:00 AM