Canada Moves To Force Tech Firms To Share Revenues With News Publishers

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Canada Moves To Force Tech Firms To Share Revenues With News Publishers
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Canada has introduced new legislation compelling tech platforms such as Twitter and Facebook to compensate Canadian publishers for sharing their content.

the government, 'would ensure that major digital platforms fairly compensate news publishers for their content and enhance fairness in the Canadian digital news marketplace, including the sustainability of independent local news businesses.', also known as the Online News Act, would require platforms with 'a bargaining imbalance with news businesses' to make commercial arrangements with broadcasters and other publishers, most likely by sharing advertising revenues.

Smaller publishing outlets would be allowed to team up to negotiate a deal. And if an agreement can't be reached within six to 12 months, the Canadian Radio-television and Telecommunications Commission would adjudicate. "A free and independent press is fundamental to our democracy. It’s how we stay informed and engaged on what’s happening in our communities and across the country. Right now, the health and future of the news industry — especially local news — are at risk," says minister of Canadian heritage Pablo Rodriguez.

"We want to make sure that the news media and journalists are fairly compensated for their work. Now more than ever, Canadians need reliable and credible information, especially in a time of greater mistrust and disinformation."

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