The federal government has put a price tag on how much it would like to see Google and Facebook spend under legislation that requires the tech giants to compensate media companies for Canadian journalism.
Federal officials estimate Google would need to offer $172 million and Facebook $62 million in annual compensation to satisfy criteria they’re proposing be used to give exemptions under the Online News Act, a bill passed over the summer that will force tech companies to broker deals with media companies whose work they link to or repurpose.
Update: Meta Rejects Trudeau’s Olive Branch in Canada Online News Feud
Please remember to donate to Blazingcatfur’s fundraiser.
