Last Updated: July 06, 2023, 01:57 IST<\/span><\/p>\n<\/div>\n<\/div>\n Meta has previously said that news does not hold economic value for the company and that news organizations benefit from sharing their reports on Facebook.<\/p>\n<\/div>\n The Canadian government will stop buying ads on Facebook and Instagram amid a dispute over a new law on paying online news publishers that the Meta-owned platforms have opposed, Heritage Minister Pablo Rodriguez said on Wednesday.<\/p>\n The Online News Act, or Bill C-18, was passed into law last month, triggering Meta and Alphabet\u2019s Google to say they would end news access on their platforms in Canada.<\/p>\n The government is finalizing rules that require the platforms to share some advertising revenue when the law is implemented by the end of this year.<\/p>\n \u201cCanada is going to continue to stand firm and ensure that if social media platforms and internet giants want to use media, that they actually ensure that they\u2019re paying their fair share for it,\u201d Prime Minister Justin Trudeau said in Mont\u00e9r\u00e9gie, Quebec.<\/p>\n The government still sees a path forward to resolving the quarrel and is open to discussions with the platforms, Rodriguez, who introduced the legislation, told reporters in Ottawa.<\/p>\n The legislation was drafted after calls from Canada\u2019s media industry for tighter regulation of internet giants to allow news businesses to recoup financial losses suffered in the years that Facebook and Google gained a greater share of the online advertising market.<\/p>\n Rodriguez said that 80% of all ad revenue in Canada, or almost C$10 billion ($7.5 billion) in 2022, went to Google and Facebook, and the Liberal government wants the two platforms to contribute to domestic journalism.<\/p>\n The decision to suspend government ads will cost Facebook and Instagram about C$10 million per year, he said.<\/p>\n Facebook \u201drefused to discuss and they did not want to compensate the media accordingly and so we\u2019ve decided to suspend advertising,\u201d Rodriguez added, speaking alongside two of three Canadian opposition parties which also support the legislation.<\/p>\n Meta has previously said that news does not hold economic value for the company and that news organizations benefit from sharing their reports on Facebook.<\/p>\n \u201cUnfortunately, the regulatory process is not equipped to make changes to the fundamental features of the legislation that have always been problematic,\u201d a Meta spokesman said, adding that the company plans to end news availability in Canada \u201cin the coming weeks.\u201d<\/p>\n Rodriguez sounded more optimistic about reaching a compromise with Google, saying the government was convinced that \u201dwhat Google is asking at this moment can be done.\u201d<\/p>\n Google, which had proposed amendments to the act that were rejected, said last week that the government\u2019s regulatory process was unlikely to resolve \u201cstructural issues with the legislation.\u201d The company did not comment on Wednesday.<\/p>\n The outcome of the Canada\u2019s tussle with internet giants can set the tone for other governments trying to regulate internet companies. If the companies fail to secure exemptions or get the rules changed in Canada, they may face a similar fate in the United States.<\/p>\n Democratic U.S. Senator Elizabeth Warren, a leading progressive voice, on Wednesday expressed support for Canada, saying that \u201cleaders are right to stand firm against these tactics & push back against Big Tech\u2019s freeloading off local news.\u201d<\/p>\n Earlier on Wednesday, Canadian telecoms operator Quebecor and Cogeco, which runs radio stations in Quebec, also said they would stop advertising on Facebook and Instagram because of Meta\u2019s opposition to the new law.<\/p>\n ($1 = 1.3285 Canadian dollars)<\/p>\n (This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters<\/a>)<\/i> <\/div>\n [ad_2] [ad_1] Last Updated: July 06, 2023, 01:57 IST Meta has previously said that news does not hold economic value for the company and that news organizations benefit from sharing their reports on Facebook. 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<\/figure>\nThe Online News Act was passed into law last month, triggering Meta and Alphabet\u2019s Google to say they would end news access on their platforms in Canada<\/h2>\n<\/div>\n<\/div>\n
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