140 The New Zealand government has announced plans to adopt legislation requiring major internet publishers, including Google (Alphabet Inc.) and Meta Platforms Inc., to compensate New Zealand media firms for the local news material that appears in their feeds. The legislation will be based on rules in Canada and Australia, according to Minister of Broadcasting Willie Jackson, who expressed his hope that it will encourage internet platforms to strike agreements with local news organizations. “New Zealand news media, particularly small regional and community newspapers, are struggling to remain financially viable as more advertising moves online,” Jackson said. “It is critical that those benefiting from their news content actually pay for it.”The new legislation will be put to a vote in parliament, where it is anticipated that the majority of the ruling Labour Party would approve it. You Might Be Interested In Citi Appoints Luke Lu as China Country Officer and Banking Head FNB eBucks Expands to SPAR Starbucks Launches New Pride-Inspired Drinkware Collection by Artist Sofie Birkin Cintas Board of Directors Approves 4-for-1 Stock Split Fintech unicorn BharatPe sees losses increase to INR 5,594 crore in FY22 Toyota’s zero-emission push: converting older models to meet goals
