Earlier quoted context omitted.
Except that it won't. All the news portals/aggregators will simply move out of the EU. And then the EU can try to escalate by blocking non-EU news sites. Boy is that going to be an interesting day.
Yeah, but Google will be out. And the other aggregators don't have its reach (e.g. Top Stories boxes in Google Search).
This law won't change the structure of the internet, it will just change the players. People want free news aggregators and other countries will not enforce this silly law (see also: cookie notices).