The larger news publishers, while also concerned about a news ban, were less worried about any potential for Meta to pull out of Australia entirely.The larger news publishers, while also concerned about a news ban, were less worried about any potential for Meta to pull out of Australia entirely., a parliamentary committee has heard, as news outlets small and large make the case for social media companies to be compelled to pay for news.
Duggan said that after visiting Canada recently he found it had not had a large effect on bigger publishers who have other revenue streams and brand-name recognition, meaning people visit their websites outside social media. “So I think a news ban would be terrible for not only the industry but also for Australian democracy.”
“We have advertisers saying we’re concerned about the effect of what a news ban would have and therefore getting nervous and holding back advertising dollars.” The Country Press Australia president, Andrew Schreyer, told the committee Meta had shown complete disdain for Australian news media and the government, and should be banned if it refuses to compensate for content.
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Source: FinancialReview - 🏆 2. / 90 Read more »