Financial News

News Media Canada: Government Inaction Has Cost News Publishers

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TORONTO — The next is an announcement issued by Jamie Irving, Vice-President of Brunswick Information Inc. and Chair of Information Media Canada:

Information Media Canada members are calling on the federal authorities to introduce the long-awaited coverage to permit publishers to barter pretty with Fb and Google.

Yesterday’s announcement by Fb concerning short-term business preparations it has undertaken with a number of Canadian media retailers underlines the necessity for the federal government to comply with by means of urgently on the dedication it has made to curtail the predatory monopoly practices of each Fb and Google and stage the taking part in subject for Canadian information media.

Each the Prime Minister and the Minister of Canadian Heritage have dedicated to laws to rein within the internet giants, who abuse their monopoly energy by diverting 80% of internet advertising revenues in Canada and distributing content material generated by Canadian journalists with out compensation. Since October of final yr, Information Media Canada has known as for Canada to undertake the method enacted by the Australian Parliament, which requires the online giants to barter collectively with that nation’s information media to supply truthful compensation for content material.

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Till information media on this nation can negotiate collectively with Google and Fb, the 2 multinationals will proceed to divide and conquer, utilizing their energy and market dominance to drive phrases which can be of their favour in opposition to smaller, extra financially weak information media retailers. Removed from contributing to the decision of the issue, this method solely solidifies their stranglehold.

Because the response of the opposition events this week has proven, there’s a broad, bipartisan consensus for motion now. We name on the federal government to maintain its dedication to Canadians who depend on native information and to introduce laws earlier than Parliament rises for the summer season.

About Information Media Canada

Information Media Canada is the voice of the print and digital information media business in Canada and represents a whole lot of trusted titles in each province and territory. Information Media Canada is an advocate in public coverage for every day and neighborhood media retailers and contributes to the continued evolution of the information media business by elevating consciousness and selling the advantages of reports media throughout all platforms. For extra data, go to our web site at or comply with us on Facebook, Twitter, Instagram and YouTube.

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Jamie Irving, Chair, Information Media Canada

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