The monopoly power of large platforms, and the control they exert over news distribution, was one reason Australia's competition authorities introduced the News Media Bargaining Code in 2021.
But what exactly is fair compensation in this case? Our new report suggests the amounts of money Google and Meta should be paying news publishers are far greater than anyone imagined, and far more than the tech companies themselves claim.
Indonesia, New Zealand, South Africa and Switzerland have all considered similar laws. Japan conducted a study on the online distribution of news content, and in September warned tech platforms low payments to publishers could violate antimonopoly laws.
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