08:57:58 EDT Sat 18 May 2024
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or Name
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CA



Meta CDR (CAD Hedged)
Symbol META
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Close 2023-10-24 C$ 17.68
Market Cap C$ 93,704,000
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NP says broadcasters want Apple included in Bill C-18

2023-10-25 09:35 ET - In the News

See In the News (C-AAPL) Apple CDR (CAD Hedged)

The National Post reports in its Wednesday edition that a group representing Canadian private TV and radio broadcasters is asking Ottawa to include Apple in legislation that would force Google and Meta to share revenues with news publishers. The Post's Anja Karadeglija writes that the Canadian Association of Broadcasters (CAB) said that under the government's proposed regulations only Google and Meta are covered by the Online News Act, "even though there are other platforms that benefit from the distribution of news content and are negatively impacting news businesses in Canada." The group gave the example of Apple, which includes Apple News, a free news-aggregator app, with its products and also offers Apple News+, a paid subscription service for content including magazines and newspapers. "The CAB believes that such services should be scoped into the framework, rather than excluded up front," it said. The Online News Act, or Bill C-18, forces Google and Meta to reach revenue-sharing agreements with news publishers; it became law earlier this year. In response, Meta blocked news from Facebook and Instagram in Canada and Google has said it will follow suit with its products unless the government changes the legislation.

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