#International_Tech_News | Good #Morning World | Google to #REMOVE #NEWS_LINKS IN #CANADA in response to online news law | #Meta already has said it will #BLOCK #Canadian_News_Content on popular platforms like #Facebook and #Instagram.
#Trudeau called Meta's decision "extremely disappointing."
"#Facebook continues to #refuse to accept its #responsibility towards our #democracy by #refusing to #pay its #fair_share," Trudeau said.
The bill has been pitched as a way to keep news outlets solvent after advertising moved en masse to digital platforms, virtually #wiping_out a major #revenue_stream for #journalism.
The #dominance over #advertising once #enjoyed by legacy MEDIA IS OVER. #Google and #Facebook have a combined 80 #per_cent share of all #online_ad_revenue in Canada and rake in an eye-popping $9.7 #billion a year, according to government data.
According to government figures, more than 450 #news_outlets in Canada have #CLOSED since 2008 and at least one third of Canadian #journalism_jobs have #disappeared over that same time period.
Print and digital news businesses have struggled to make money from their content after losing major revenue streams, such as classified ads and subscriptions.
https://www.cbc.ca/news/politics/google-canada-online-news-1.6892879
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