Meta plans to consider removing news from its platform if Congress passes Senator Klobuchar’s “ill-considered” Journalism Competition and Preservation Act (Jon Swartz/MarketWatch)

Diane Bartz / Reuters:
A US Senate committee votes 15-7 to pass the Journalism Competition and Protection Act letting news organizations band together to negotiate with tech platforms  —  The U.S. Senate Judiciary Committee voted Thursday to approve a bill aimed at allowing news organizations to band together …

Bloomberg:
US Senator Amy Klobuchar, the AICO’s primary sponsor, says an “incredible onslaught of money” to fund ads against the bill has been an obstacle to passing it  —  An “incredible onslaught of money” against a landmark bill meant to rein in the power of the biggest US technology companies …

Jon Swartz / MarketWatch:
Alphabet reports Q3 advertising sales of $54.5B, up from $53.1B YoY, missing estimates of $56.6B, and Google Search revenue of $39.5B, up from $37.9B YoY  —  Total Google ad sales miss expectations by more than $2 billion as Alphabet revenue grows at its slowest pace in more than two years

Jon Swartz / MarketWatch:
Box reports Q3 revenue of $250M, up 12% YoY, and billings of $258.2M, up 12% YoY, and forecasts Q4 revenue between $255M and $257M, vs. $259.3M est.  —  Software company reports sales just $100,000 shy of $250 million and expects to top the mark in fourth quarter, but neither hits analysts’ average forecasts …

Cristiano Lima / Washington Post:
US Congress omits the Journalism Competition and Preservation Act from the defense spending bill, amid intense pushback from industry and advocacy groups  —  Facebook threatened to block news in the U.S. over the measure, which was under consideration as part of a defense package

Emily Bary / MarketWatch:
Match Group reports Q3 revenue up 1% YoY to $810M, vs. $793M est., paying users up 2% YoY to 16.5M, and plans investments in Hinge and The League; stock up 13%+  —  Company plans to focus on ‘targeted, high-returning investments’ in Hinge and The League next year while monitoring headcount and marketing expenses