Bloomberg: Canada is planning a bill that would force tech companies to pay local news publishers for content, the latest move by a government to help struggling media companies that have seen online advertising revenue drain away to Silicon Valley’s digital giants.
Heritage Minister Pablo Rodriguez said he will introduce a bill called the Online News Act to ensure companies like Alphabet Inc. and Meta Platforms Inc. compensate local news organizations for their content through privately-negotiated deals. The law could benefit listed Canadian companies such as Postmedia Network Canada Corp.
“More and more Canadians are turning to digital platforms as gateways to find their news content today, and this shift online has had an incredible impact on news businesses,” Rodriguez told reporters at a news conference.
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