‘Business would be over’: Canada’s news publishers say ban by Google and Facebook would devastate them

  • 📰 TorontoStar
  • ⏱ Reading Time:
  • 79 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 55%

Business News News

Business Business Latest News,Business Business Headlines

News publishers say that if big tech platforms pull Canadian news content from their pages, the move could end smaller news businesses or result in millions of dollars in lost revenue.

OTTAWA—Canadian news publishers have shed new light on how journalism in Canada could be harmed if big tech platforms make good on their threats to block the posting of their content, should Ottawa’s online news bill pass unchanged.

Pierre-Elliott Levasseur, the president of Quebec’s La Presse and a director with News Media Canada, said if news sharing was blocked on Facebook alone, the French-language news outlet would take a “financial hit” of under a million dollars. Both Google and Meta oppose aspects of the proposed legislation, arguing that news content accounts for a small percentage of queries — and revenue — on their platforms. If the bill passes in its current form, Google has signalled it could cut its existing deals with Canadian publishers as it decides whether to wipe news content for Canadians who use its search engine entirely. Meta, meanwhile, says it’son all news content posted and shared within Canada on Facebook and Instagram.

“Even worse, Canadians will no longer be exposed to news in that environment, at a time when voter turnout is at record lows, and we can expect to be flooded with misinformation through technologies like generative AI.”Generative AI is a form of artificial intelligence that can reproduce text and images when prompted to do so. Theof AI, like OpenAI’s ChatGPT, has sparked concern that false, artificially generated information will swamp the internet.

Witnesses before the Senate’s transport and communications committee touted a number of amendments Tuesday that they hope to see built into the proposed legislation, including tweaking a section of the bill critics say gives the Canadian Radio-television and Telecommunications Commission wide latitude to demand confidential information from news companies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 60. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saskatchewan entrepreneur says government thwarted his ag-plastics recycling business - BNN BloombergThe province recently took Dallon Leger to court and won, fining him for not following the province’s grain bag regulations. It effectively forced him to close his business.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

U.S. debt ceiling agreement gets thumbs up from business groups, jeers from some on political rightThe reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy.
Source: CTVNews - 🏆 1. / 99 Read more »

Blazers take care of business by crushing Petes 10-2 at Memorial CupLogan Stankoven scores, adds four assists as host Kamloops Blazers smash OHL’s Peterborough Petes 10-2 at Memorial Cup
Source: globeandmail - 🏆 5. / 92 Read more »

Kamloops Blazers take care of business by crushing Peterborough Petes at Memorial Cup | TSNBlazers take care of business with a 10-2 win over Petes at MemorialCup. MORE:
Source: TSN_Sports - 🏆 80. / 51 Read more »

IESO announces $136M in funding for new business energy efficiency program - constructconnect.com - Daily Commercial NewsTORONTO - The Independent Electricity System Operator (IESO) recently announced $136 million in funding for a new energy efficiency program so Ontario’s businesses and organizations can maximize their energy-saving potential with new retrofit incentives.
Source: DCN_Canada - 🏆 17. / 74 Read more »