Paying for News: Google and Meta Owe US Publishers $11.9-$13.9 … – WAN-IFRA
A recent working paper estimates what Google and Meta would owe US publishers if the proposed Journalism Competition and Preservation Act were to be passed in the US.
Governments around the world are pressing Google and Meta, Facebook’s parent company, to pay for the news they disseminate. The JCPA, and the 2021 Australian News Media Bargaining Code are two such laws.
News content generates income for Google and Facebook, yet existing deals made between these platforms and news publishers do not capture the full value the content generates. This is because platforms and news publishers provide “complementary services” – the economic value generated by the two used together is greater than they would produce in isolation. Platforms have been signing payment agreements directly with publishers, yet exact amounts and the way these amounts were calculated are veiled behind non-disclosure agreements. Greater transparency about the methodology underlying these calculations is needed to…
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source: https://news.oneseocompany.com/2023/11/17/paying-for-news-google-and-meta-owe-us-publishers-119-139-wan-ifra_2023111752758.html
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