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BCE Inc (2)
Symbol BCE
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Globe says Meta battle makes for strange bedfellows

2023-08-10 07:42 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Globe and Mail reports in its Thursday edition that the battle over Bill C-18, Ottawa's Online News Act, has made for strange bedfellows. The Globe's Konrad Yakabuski writes that the country's private broadcasters and newspapers joined with their public sector rival, CBC/Radio-Canada, to ask the Competition Bureau to investigate Meta's move to block Canadian news from Facebook and Instagram -- a move they call a violation of the Competition Act. Meta's hardball tactics in response to C-18 have managed to unite domestic industry players that are usually at each other's throats. Canadian media outlets depend on users of Facebook and Instagram to click on the links that send eyeballs their way. Meta's move to progressively block access to Canadian news on its platforms "threatens the [Canadian news] industry and, by extension, creates a major challenge to our democracy," the Canadian Association of Broadcasters, CBC/Radio-Canada and News Media Canada said in a letter dated Monday to Competition Commissioner Matthew Boswell. The Globe says broadcasters would be the biggest winners under C-18 if Meta and Google complied with the law by negotiating with news outlets to compensate them for using their content.

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