Meta, Google balk as Canada spells out new online news law ...Middle East

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Meta, Google balk as Canada spells out new online news law
Meta reacted by calling the bill “fundamentally flawed” [File] | Photo Credit: REUTERS Ottawa on Friday spelled out how a new law requiring digital giants to pay publishers for news content will work in practice, including how much it could cost Meta and Google. The bill aims to support a struggling Canadian news sector that has seen a flight of advertising dollars and hundreds of publications closed in the last decade. Effectively it targets only Google and Meta – which control about 80% of all online advertising revenues in Canada. The government estimated it could cost the two companies a combined Can$230 million (US$170 million)

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