Online News Act could see Google, Meta pay combined $230 … – Yahoo Canada Finance

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.

Draft regulations released by the government Friday outlined for the first time how it proposes to level the playing field between Big Tech and Canada’s news media sector, and which companies it will apply to.

“The goal of it is to make sure that those that benefit the most from the Canadian market fall under the bill,” newly minted Heritage Minister Pascale St-Onge said in an interview after the proposal’s release.

The government said…

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