Bill C-18: Liberal Government’s Online News Act Becomes Law

Prime Minister Justin Trudeau’s proposed Online News Act that would require social media giants to compensate Canadian media companies for sharing their news content online has officially become law.

Bill C-18, which was first tabled by the Liberals in June 2022, aims to force major social media companies such as Meta and Facebook to pay Canadian news organizations and broadcasters for content shared on their platforms. “The Bill introduces a new bargaining framework intended to support news businesses to secure fair compensation when their news content is made available by dominant digital news intermediaries and generates economic gain,” the government’s explanation reads.

The bill got a thumbs up from the House of Commons in December 2022, and after a series of amendments, the Senate passed the bill into law with a 56 to 22 vote on Thursday.

Tech giant Google argues that the federal government’s move would only provide compensation to large news outlets rather than smaller ones, and won’t hold media companies accountable to journalistic standards, contributing to the spread of misinformation and clickbait. Meta, for its part, doesn’t plan to cater to the Liberal’s new bill, subsequently announcing it will cease Canadians’ access to online news on Facebook and Instagram before the new law takes effect.

The retaliatory move from Meta sends a blow to Trudeau’s government, which has been adamant on compelling tech giants to enter into revenue-sharing deals with Canadian news organizations.

Information for this story was found via the sources mentioned within the article. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

IAMGOLD Q3 Earnings: Market Responds With MASSIVE Price Lift

G Mining Q3 Earnings: Costs Down, Production Up

Endeavour Silver Q3 Earnings: On The Upswing

Recommended

Silver47 Hits 606 g/t Over 9.7 Metres Silver Equivalent In Final Assays From 2025 Drill Program At Red Mountain

Altamira Gold Encounters Second Porphyry Body, Hitting 3.5 g/t Gold Over 8.0 Metres

Related News

Canada Excluded from Google’s AI Chatbot Bard due to Online News Act

Canada, unlike most countries, lacks access to Google’s AI chatbot, Bard, due to the ongoing...

Monday, July 17, 2023, 12:18:00 PM

Google, Canadian Government Reach Agreement on Online News Act

Google and the federal government have successfully resolved their dispute over the Online News Act,...

Thursday, November 30, 2023, 11:15:29 AM

Outrage Grows as MP Hints at Media Obedience in Exchange for Subsidies

Liberal MP Taleeb Noormohamed, who also serves as the Parliamentary Secretary to the Minister of...

Monday, September 9, 2024, 07:05:00 AM

Google Readies To Block Canadian News Content Under Bill C-18

Alphabet Inc.’s (NASDAQ: GOOGL) Google is on the brink of barring Canadians from accessing news...

Sunday, October 8, 2023, 11:46:00 AM

Meta Officially Halts News Sharing in Canada in Response to Online News Act

Meta, the parent company of Facebook and Instagram, has decided to discontinue the sharing of...

Tuesday, August 1, 2023, 02:27:45 PM