Earlier quoted context omitted.
Yeah, it's absurd. > Unless they're a top 2 media conglomerate of an European country, and would like for all their weaker competitors to be killed off. Maybe that's the idea, but I think it's shooting yourself in the foot, even then.
It's even worse. Everyone who you link to has the right to claim damages(in case they are press). So you will have to be careful who you link to since a single link could already fall into the new legislation depending on the member state.
More and more legal entities (governments, companies,...) seem to be moving to actively blurring lines so as to induce fines and damages. Suppose instead the proposal mandated any content hoster (press or not) to include a tag so that hosting software can be configured to suppress the inclusion of links to pages that contain the tag.
Without such an explicit tag, the situation will end up similar to ad blockers, with random distributed lists of sources that would probably qualify as "press"