The National Post reports in its Saturday edition that CBC/Radio-Canada is largely excluded from the $100-million Google must inject into on-line news as the lion's share of the funds is earmarked for newspapers and digital media. The Post's Christopher Nardi writes that the public broadcaster, which is funded to the tune of $1.2-billion annually by the federal government, will be limited to 7 per cent of the total value of the indexed fund, according to regulations governing the application of the Online News Act (formerly known as C-18) published on Friday. Since the fund is valued at $100-million in its first year, that means CBC/Radio-Canada's share is capped at $7-million. The regulations also limit the share available to broadcasters at 30 per cent, meaning nearly two-thirds is reserved for newspapers and digital media platforms. As of now, Google is the only tech giant that meets the criteria spelled out in the act that compels it to contribute to on-line news since Meta (which owns Facebook and Instagram) banned Canadian news links from its platforms earlier this year. The act requires eligible social media and search engine tech giants that "make news content available" to reach deals with news publishers.
© 2024 Canjex Publishing Ltd. All rights reserved.