AB 886 - California Journalism Preservation Act

• Requires covered online platforms (those with 50+ million U.S. monthly users and net annual sales or market capitalization exceeding $550 billion) to either pay an annual amount to compensate digital journalism providers for content access or participate in binding arbitration to determine compensation.

• Mandates covered platforms compile and publish by March 1, 2025 a list of digital journalism providers whose content they accessed for California audiences during the preceding 12 months, and provide the list to requesting providers within three days.

• Prohibits covered platforms from retaliating against digital journalism providers for asserting rights under the act by refusing content access or changing ranking, placement, or identification of the provider's content.

• Requires digital journalism providers receiving compensation to spend at least 70% of funds on news journalists and support staff (50% for providers with 5 or fewer employees), and annually report compliance through a published, text-searchable report.

• Authorizes digital journalism providers to seek injunctive relief and obtain court costs and attorney's fees to compel compliance; makes arbitration awards binding and appealable on limited grounds.