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

This Nevada Gold Mine Could Be Back in Production Next Year | Kimberly Ann – Lahontan Gold

The Highest-Grade Copper-PGM Discovery in the World? | Terry Lynch – Power Metallic

A Small Gold Explorer With a Big Mexico Hit | Saf Dhillon – Questcorp

Recommended

Amid CBS Shuffle, Is Joe Rogan Replacing Anderson Cooper On 60 Minutes?

Silver47 Targets Resource Growth With 10,000 Metre Red Mountain Drill Program

Related News

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

Google Takes Stand against Canadian News Bill, Vows to Remove Local News Content from Platforms

Google (NASDAQ: GOOGL) has announced that it will remove Canadian news content from its platforms...

Thursday, June 29, 2023, 02:36:54 PM

Trudeau, Who Wants To Charge Meta & Google For Sharing News, Decries Tech Giants’ “Bullying Tactics”

Prime Minister Justin Trudeau has accused technology powerhouses Alphabet (NASDAQ: GOOGL) and Meta Platforms (NASDAQ:...

Thursday, June 8, 2023, 02:05:00 PM

Bill C-18: The Online News Act (…of sabotage!)

Lots of hand wringing in the corporate media as bill C-18, The Online News Act,...

Sunday, May 14, 2023, 09:00:00 AM

Google Granted Exemption in Canada’s Online News Act

The Canadian Radio-television and Telecommunications Commission (CRTC) has approved Google’s request for exemption under Canada’s...

Tuesday, October 29, 2024, 11:03:00 AM