Description: In an apparent response to the federal government’s Online News Act, Google has blocked some Canadians from their news feeds. Google has called this a test, noting the company runs thousands of tests like this in any given year. The Act will force platforms like Google and Facebook to begin compensating media publishers for stories these publishers produced. Traditional media see this as necessary given the volume of advertising revenue flowing to the web. Australia passed a similar legislation in 2021 despite a stare-down with Facebook, perhaps supporting Heritage Minister Pablo Rodriguez’s contention that Canadians won’t be intimidated.
Date: February 22, 2023
1) What percentage of your news do you get from Google or Facebook versus the traditional media?
2) Do you think Canada should have legislation requiring the tech giants to compensate the traditional media publishers who produce the news?
3) Page 14-12 of Wiley’s Financial Accounting: Tools for Business Decision-Making notes that Google is one source of financial information for ratio analysis. What other sources are noted there?