South Africa's Competition Commission will investigate whether digital platforms like Meta (META.O) and Google (GOOGL.O) were unfairly competing with news publishers by using their content to generate ad revenue, it said on Tuesday.
A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoThe Commission will be investigating among other things market features that may distort competition for advertising revenue between news media organisations and digital platforms, and whether these are affected by imbalances in bargaining power.
Chief Economist and Acting Deputy Commissioner James Hodge said media consumers are increasingly relying on video-sharing platforms, news aggregators and social media for news access and revenue, and that there was a need to promote diversity in news and public interest journalism.
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