FILE PHOTO: FILE PHOTO: The logo of Google LLC is seen at the Google Store Chelsea in New York CityOTTAWA - A Canadian news industry body on Thursday lent support to some of Google's concerns about a new law that aims to make large internet companies share advertising revenue with news publishers in the country.
The Online News Act, part of a global trend to make internet giants pay for news, passed the Canadian parliament in June and the government is finalizing rules that are expected to be released by a Dec. 19 deadline. "We are aligned that there should be a firm ceiling, rather than a floor on financial liability," Deegan said in the statement.
Google, in its submission during the consultation, said: "While the government has publicly indicated its confidence that our concerns can be resolved through the regulatory process, unfortunately the draft regulations fail to sufficiently address the critical structural problems with the Act." In planning for a possible default, Trump's favorite lender chopped down what Trump said he was worth by up to 75%, fraud-trial testimony revealed.