Bill C\u002D18 is being slowed down by those who want it to finance tiny, often questionable startups, writes Diane Francis. Read more.
The carnage to the news industry is global and is due to the fact that the world’s digital giants — notably Google and Meta — republish or link to articles that they earn advertising revenue from, but don’t spend money creating.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The Australians took on Google and Facebook and won. Their pioneering “News Media and Digital Platforms Mandatory Bargaining Code”the country’s publishers. Google and Meta have paid 30 media companies around AU$200 million in royalties for their content over the past year, preventing closures, layoffs and consolidations in the media industry.
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