The News Media Alliance, which represents nearly 2,000 news organizations, says that because of those two companies' dominance, news publishers are forced to "surrender their content and play by their rules on how news and information is displayed, prioritized and monetized."
"These rules have commoditized the news and given rise to fake news, which often cannot be differentiated from real news," the alliance said in a press release today.
The news industry has been hit with declining print readership and a loss of advertising revenue as it has moved online.
The news alliance says it would need an exemption from antitrust law to negotiate as a group. But getting Congress to pass an exemption is likely to be difficult.
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Campbell Brown, head of news partnerships at Facebook, said in a statement that the company is "committed to helping quality journalism thrive on Facebook. We're making progress through our work with news publishers and have more work to do."
Google didn't immediately respond to a request for comment.
Disclaimer: No Business Standard Journalist was involved in creation of this content