Ottawa on Friday spelled out how a new law requiring digital giants to pay publishers for news content will work
The bill aims to support a struggling Canadian news sector that has seen a flight of advertising dollars and hundreds of publications closed in the last decade.
The government estimated it could cost the two companies a combined Can$230 million by requiring them to make fair commercial deals with Canadian outlets for the news and information that is shared on their platforms, or face binding arbitration. Meta reacted by calling the bill “fundamentally flawed” and vowed to continue blocking access in Canada to news articles on its Facebook and Instagram platforms. It started doing this on August 1.
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