[jsnell]

The law is not limited to content appearing on the news companies' websites. It applies to "news content" created by an "eligible news business" and "made available" by a "digital news intermediary".

The definition of "news content" is quite broad [0]. It's likely that basically all content posted by a "news business" on social media would qualify. So I don't think it is an example of overapplication. If the government wanted to ensure that the news companies can continue posting on Meta social media sites, they shouldn't have gone for such an aggressive scope on every dimension.

[0] "content — in any format, including an audio or audiovisual format — that reports on, investigates or explains current issues or events of public interest"