The “Online News Act”, or House of Commons invoice C-18, launched in April final yr laid out guidelines to power corporations similar to Meta and Alphabet-owned Google to barter industrial offers and pay news publishers for his or her content material.
Google and Meta beforehand stated they might block entry to news articles in Canada if the laws is handed.
Quebecor, which additionally owns media retailers and newspapers, didn’t instantly reply to a request for touch upon how a lot it spends on commercials on Facebook and Instagram.
Meta didn’t instantly reply to a request for remark.
Canada’s media trade has known as for tighter regulation of web giants to permit news companies to recoup monetary losses suffered within the years that Facebook and Google gained a higher share of the internet advertising market.
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Source: economictimes.indiatimes.com