01:02:57 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Postmedia Network Canada Corp (2)
Symbol PNC
Shares Issued 98,746,182
Close 2023-06-30 C$ 1.83
Market Cap C$ 180,705,513
Recent Sedar Documents

NP says Alphabet's Google giving Cdn news the boot

2023-06-30 09:35 ET - In the News

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

The National Post reports in its Friday, June 30, edition that Google said Thursday it will pull Canadian news from Google Search and its other products in Canada over legislation that would force it to share revenues with news publishers. The Post's Anja Karadeglija writes that Google said, "We have now informed the government that when the law takes effect, we unfortunately will have to remove links to Canadian news from our Search, News and Discover products in Canada." Google plans to remove news links from its search engine, Google News and Google Discover for only Canadian publishers and readers. Canadian users will still be able to search for news from BBC, New York Times and Fox News. The company said it will also end Google News Showcase in Canada, a product it uses to license news from over 150 local publishers. Those existing deals will stay in place until the change happens later this year. The government's Online News Act received royal assent earlier this month. It would force Meta and Google to reach commercial deals with news publishers to share revenues for news stories that appear on their platforms. Postmedia, publisher of the National Post, says it is in favour of the legislation.

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