Newsposter

Canada has reached a deal with Google in which the tech giant will contribute $100 million Canadian dollars annually to support the country's news industry. This agreement is in response to a new Canadian law requiring tech companies to pay publishers for their content. The deal removes the threat by Google to block Canadian news on its platform. Facebook and Instagram parent company Meta have already been blocking Canadian news. The Canadian government views this agreement as a positive step for the news sector and calls on Facebook to explain its stance. The Online News Act, passed in June, requires tech giants to pay publishers for using their content. Meta argues that the law is based on an incorrect premise. The blocking of news content by Meta means that Canadians cannot view or share news on Facebook and Instagram. The minister of Canadian heritage criticizes Meta's move as irresponsible, given the challenges faced by the Canadian news industry. Google's president of global affairs expresses gratitude for the agreement and emphasizes that Google will continue to direct traffic to Canadian publishers. This deal is expected to have an impact on other countries facing similar challenges in their media landscapes.