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

Gold Isn’t In A Bubble, Currency Is. – Doug Casey

The Real Move Begins When They Cut Rates | Peter Krauth

Is Altamira Gold Sitting On Brazil’s Next Big Gold Discovery?

Recommended

Emerita Resources Hits 2.7% Copper, 1.85 g/t Gold Over 9.6 Metres At El Cura

Stifel Initiates Coverage On Goliath Resources With $5.00 Price Target

Related News

Facebook Could Axe Canadian News Content Over Liberals’ New Revenue-Sharing Bill

Facebook is threatening to axe news content sharing on its platform as Canada’s federal government...

Monday, October 24, 2022, 01:25:48 PM

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

Canada’s Government Suspends Advertising on Meta Platforms in Response to News Blockage

The federal government is halting all advertising on Facebook and Instagram in reaction to Meta’s...

Thursday, July 6, 2023, 06:24:00 AM

Bill C-18 Bailout? Canada Ups Tax Claim for News Organizations

In Ottawa’s fall economic statement, the Canadian government has allocated a $129-million boost for news...

Friday, November 24, 2023, 06:44:00 AM

Publishers Begin Pushing RSS to Maintain Readership in Canada As Google, Meta Push Back Against Bill C-18

In the midst of a standoff over Canada’s newly passed bill C-18 that mandates compensation...

Friday, August 11, 2023, 12:25:00 PM