Description: The government of Canada and online giant Google have finally reached a deal regarding use of Canadian news on the web. The deal comes three weeks before the federal government’s Bill C-18, the Online News Act, comes into effect. Google has agreed to pay $100 million a year to Canadian news organizations for use of their content on its powerful platform. The other large holdout – Meta (Facebook) – has left the negotiating table without indicating when, and if, it may return.

Date:  November 29, 2023

Source:  cbc.ca

 Link: https://www.cbc.ca/news/politics/google-online-news-act-1.7043330

Discussion points:

1) How do you and your classmates get your Canadian news?

2) If you were an accountant tasked with distributing the $100 million to Canadian news organizations, what model do you think you would recommend?

3) Early in chapter one of Wiley’s Financial Accounting: Tools for Business Decision-Making we are given information about a number of famous Canadian accountants. What is the name of the Canadian accountant who serves as country manager for Google Canada?