; and (ii) is commercially marketed through subscriptions, advertising, or sponsorship; and (B) provides original news and related content, with the editorial content consisting of not less than 25 percent current news and related content. (2) The term Online Content Distributor means any entity that— (A) operates a website or other online service that displays, distributes, or directs users to news articles, works of journalism, or other content on the internet that is generated by third-party news content creators; and (B) has not fewer than 1,000,000,000 monthly active users, in the aggregate, of all of its websites or online services worldwide. (3) The term antitrust laws has the meaning given such term in subsection (a) of the first section of the Clayton Act ( 15 U.S.C. 12 ), and includes— (A) section 5 of the Federal Trade Commission Act ( 15 U.S.C. 45 ) to the extent that such section applies to unfair methods of competition; and (B) any State law, rule, or regulation that prohibits or penalizes the conduct described in, or is otherwise inconsistent with, subsection (b) of this section. (4) The term negotiation period means the period of time beginning on the date this Act goes into effect and ending 48 months later. (b) Limitation of liability A news content creator shall not be held liable under the antitrust laws for engaging in negotiations with other news content creators during the negotiation period to collectively withhold content from, or negotiate with, an Online Content Distributor regarding the terms on which the news content creators’ news content may be distributed by the Online Content Distributor, if— (1) the negotiations with the Online Content Distributor— (A) are not limited to price and are nondiscriminatory as to similarly situated news content creators, and directly relate to the quality, accuracy, attribution or branding, and interoperability of news; and (B) pertain to terms that would be available to all news content creators