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Microsoft CDR (CAD Hedged)
Symbol MSFT
Shares Issued 8,800,000
Close 2023-06-16 C$ 25.50
Market Cap C$ 224,400,000
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Globe says Microsoft hears Geist's Bill C-18 concerns

2023-06-19 08:01 ET - In the News

The Globe and Mail reports in its Monday edition that the Online News Act, the government's legislative initiative to make Alphabet's Google and Meta pay hundreds of Canadian media companies for links to their news content, is likely to become law before politicians break for the summer later this week. The Globe's guest columnist Michael Geist writes that the lion's share of attention on Bill C-18 has thus far focused on the response of the two Internet companies, as both have raised the prospect of blocking news content on their platforms if faced with new financial liability for linking. Mr. Geist says, however, that focus ignores a vital new reality that may already render the bill out of date. Several witnesses before the Senate committee studying the bill pointed to the emergence of generative artificial intelligence and its impact on the news business. They included Postmedia's David Skok and Globe publisher Phillip Crawley, who warned that links to news content on Google -- a primary portal for consuming news for many -- "could be disrupted in the next six to 12 months quite significantly." Mr. Geist adds that Bill C-18 does not address the burgeoning commercial, legal and policy challenges posed by generative AI.

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