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News on Medial
Canada print media to get two-thirds of Google’s payment to news outlets
Economic Times
·
1y ago
Medial
Canada's print media will receive nearly two-thirds of the annual CAD 100 million (USD 75 million) payment from Google to the country's news outlets under a "historic" agreement. The payout is part of the Online News Act, aiming to support Canada's struggling news sector. Most of the funds will go to print media as it is heavily dependent on online platforms for content distribution. The agreement comes into force on Tuesday, while Meta (Facebook's parent company) opposes the legislation and continues to block news content on Facebook and Instagram in Canada.
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Meta’s News Block Causes Chaos as Canada Burns
Wired
·
1y ago
Medial
Meta, the parent company of Facebook, blocked news content in Canada in response to new legislation that requires payment to news businesses for content on their platforms. This led to the deletion of a news director's Facebook page followed by 28,000 people. Canada has lost 474 local news outlets since 2008, while Facebook and Google dominate 80% of digital ad revenue in the country. The Online News Act (Bill C-18) was passed to make companies like Meta pay for news content, but Meta warned it might block news availability in response. The situation underscores the challenge of regulating tech giants.
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Facebook turned off the news in Canada. What happened next?
Livemint
·
12m ago
Medial
The Online News Act in Canada, similar to a law introduced in Australia, aimed to make tech giants like Google and Meta pay news outlets for their content appearing in search results and social media feeds. However, while Google has agreed to pay C$100m ($74m) annually into a government-run fund for Canadian newsrooms, Meta has blocked news links from its apps since August 2021. This has had a severe impact on news organizations, with Canadian national news outlet Facebook pages losing 64% of engagement and local outlets losing 85%. Despite the news blackout, Meta's ad revenue has grown 19% in the US and Canada, causing concerns over the impact on local news content and the potential for misinformation to fill the gap. News outlets are adapting by exploring alternative ways to reach readers, such as email newsletters and mobile apps, while some readers are sharing screenshots of articles instead of links. Canada's communications regulator will determine later this year if Meta's link-blocking exempts it from making payments, but the experiences in Canada may make other countries reconsider similar legislation.
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Canada news industry body backs Google's concerns about ad revenue-sharing law
Economic Times
·
1y ago
Medial
Canadian news industry body, News Media Canada (NMC), has expressed support for Google's concerns regarding a new law in Canada that aims to make large internet companies share advertising revenue with news publishers. NMC agrees with Google on issues such as establishing links to news stories as the basis of payment, potentially uncapped liability, and the inclusion of non-monetary measures in remuneration. The government of Canada is reviewing submissions and working on finalizing the rules to implement the law by December 19.
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Russia fines Google whopping ‘$2.5 decillion’ over YouTube bans: What led to bizarre penalty amount | Company Business News
Livemint
·
8m ago
Medial
A Russian court has fined Google approximately $2.5 decillion (two undecillion rubles) for refusing to restore the accounts of pro-Kremlin and state-run media outlets on YouTube. The fine has accumulated since 2020, with daily penalties doubling each week. The court imposed the fine after Google failed to comply with the requirement to reinstate the Russian media accounts. The affected media outlets include Tsargrad, RIA FAN, Zvezda, Channel One, VGTRK, and others. The fine is due to increase until the accounts are restored.
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Share sale by large investors in Paytm, IIFL and Edelweiss before regulatory rap
Livemint
·
1y ago
Medial
Sharp insights supported by simple data and visuals. Most loved Mint podcasts on 35+ topics. Present across social media apps to keep you updated. 30+ articles from print edition and premium publication daily. 20% off on all smallcases. Get One Month GuruQ plan at Rs 1. Share your contact details and we will get in touch with you.
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Meta says it may block news from Facebook in Australia
Economic Times
·
1y ago
Medial
Facebook owner Meta is considering blocking news content in Australia if the government enforces licensing fees, according to a company representative. Meta's regional policy director, Mia Garlick, confirmed that all options are being considered. The company is waiting for the government to decide if it will implement a 2021 law allowing it to set fees for tech giants, such as Meta, to pay media outlets for links. This stance suggests Meta may adopt a similar approach to the one it took in Canada in 2023. Meta has previously struck deals with Australian media companies but will not renew them beyond 2024. Australian authorities are now contemplating whether to force Meta to pay for news content.
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Google threatens to stop linking to news in New Zealand
Livemint
·
9m ago
Medial
- Google has threatened to stop linking to news in New Zealand if a bill requiring digital platforms to pay for news articles is passed into law. - New Zealand aims to join Australia and Canada in passing legislation that compels tech companies like Google and Meta to pay for news content. - The bill proposes a "link tax" that would require Google to pay for linking to news articles, which the company argues is not the right approach. - Google has stated that it would discontinue its current agreements and support for New Zealand publishers if the bill becomes law. - Media outlets support the bill, citing declining advertising revenue and the need to address the power of digital platforms in the digital ad supply chain. - Google has previously made similar threats in Australia and Canada but later reached agreements to support news businesses.
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News publishers call Google’s AI Mode ‘theft’
The Verge
·
1m ago
Medial
The News/Media Alliance has criticized Google's AI Mode, accusing it of using publisher content without compensation, thus depriving them of traffic and revenue. Google's AI Mode, announced to expand to all U.S. users, presents AI-generated responses along with relevant links. The Alliance labeled this practice 'theft,' urging the Department of Justice to address Google's dominance. Google's internal document revealed a decision against seeking publisher permission for AI search inclusion, complicating opt-outs.
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When Facebook blocks news, studies show the political risks that follow
Economic Times
·
1y ago
Medial
According to right-wing meme producer Jeff Ballingall, Meta's blocking of news links in Canada has led to a significant increase in clicks for his Canada Proud Facebook page. Facebook's decision to block news sharing in Canada, and potentially in Australia, as a result of paying fees to media companies has had a profound impact on the way Canadian Facebook users engage with information. Studies show that the absence of news on the platform has led to increased engagement with opinion-based and non-verified content, potentially undermining political discourse. Other countries, including the UK and California, are also considering legislation to force internet giants to pay for news content.
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Malaysia mulls rules for Google, Meta to pay news outlets for content
Economic Times
·
1y ago
Medial
Malaysia is considering regulations that would require internet giants like Google and Meta (Facebook's parent company) to compensate news outlets for content sourced from them. The Malaysian Communications and Multimedia Commission (MCMC) is in discussions with these platforms regarding the proposed rules, which are expected to be similar to Australia's regulations that compel compensation for media outlets. The MCMC is also considering rules similar to Canada's Bill C-11 to regulate streaming platforms and ensure fair compensation for news content creators. This move aims to address income imbalances between digital platforms and local media.
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