News Media Association chief executive Owen Meredith said: “The passage of the Digital Markets, Competition and Consumers Bill marks a very important milestone in addressing market failure in the digital economy, and ultimately delivering a level playing field between publishers and platforms.
“Once Royal Assent is granted, the Competition and Markets Authority will have the tools it needs to make a real difference. I hope they move swiftly to make use of those powers to deliver for consumers and businesses. We look forward to working with the CMA as they move ahead with implementation to unleash the full power of the UK’s digital economy.
“The CMA must prioritise designation of firms and services where harms have the greatest societal impact, and the new regime must empower news publishers to reap fair reward for their investment in news – helping to secure a sustainable future for trusted independent UK journalism for many years to come.”
Sajeeda Merali, PPA, CEO comments: “After a long period of campaigning on behalf of PPA members and positive engagement with key Members of both the House of Commons and the House of Lords, the PPA is pleased to see this Bill complete its passage ahead of the dissolution of parliament.
“The new powers it will give the CMA will foster a competitive digital economy and address the market dominance of large tech platforms. The commercial growth this will bring for specialist publishers will benefit society as consumers will continue to access the incredible content our members provide. Magazine media is a pillar of our cultural fabric and plays an important societal role, uniting people around their interests and passions.
“We are grateful for the advocacy and co-operation from MPs and Lords in this process and the PPA will continue to work with civil servants, regulators and the next Government as we progress to implementation of the Bill.”
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