Google and Facebook refuse to share revenue with news media publishers

Google and Facebook would rather remove news content from their platforms than share revenue with the publishers whose content they feature. Google and Facebook threatened a news boycott in response to The Australian Competition and Consumer Commission’s initiative to redirect advertising revenue from both platforms to news publishers.

News media publishers blame the tech giants for consuming large chunks of advertising revenue that caused them to face major revenue losses and job cuts. These issues were accelerated by the COVID-19 pandemic.

If you are a local news publisher that faced revenue losses due to lack of advertisers, we would love to hear your experiences.

We're a group of graduate business students exploring the importance of local newspapers and news sites, with a focus on sustainability and related business practices. We're hoping to build a community of stakeholders to help and support our research. Please reach out if you're available for an interview to share your thoughts and experiences on the topic.

Read more at: https://whatsnewinpublishing.com/google-news-favours-mainstream-media-even-if-it-pays-for-content-will-local-outlets-fall-further-behind/