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Globe says Meta, rivals see fed cave on own legislation

2023-07-11 08:41 ET - In the News

Also In the News (C-GOOG) Alphabet Inc CDRs (CAD Hedged)

The Globe and Mail reports in its Tuesday, July 11, edition that Ottawa made a bid Monday to bring Google and Facebook onside with its Online News Act, proposing a set of regulations designed to address many of the tech giants' concerns with the legislation. The Globe's Marie Woolf writes that the move comes after Google and Facebook warned they will block access to Canadian news stories in this country in response to the legislation, also known as Bill C-18. Heritage Minister Pablo Rodriguez is proposing regulations that include setting a cap on how much Google and Facebook would have to contribute to Canada's news industry under the legislation. Existing commercial agreements between the tech giants and news organizations would also be taken into account, the proposals say. The government refused to accept amendments addressing the tech giants' concerns when Bill C-18 was debated in Parliament, but now appears to be softening its position after Google and Facebook threatened to exit Canadian news. The Online News Act will come into effect by the end of the year. The University of Ottawa's Internet law expert Michael Geist says, "The government appears to have caved on its own legislation."

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