79 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 Oxbotica Secures $140 Million in Funding to Revolutionize Transport Industry with Self-Driving Commercial Vehicles Frasers Group, owned by Mike Ashley, purchases premium fashion brands from JD Sports for $58 million Rogers and Shaw’s $14 billion merger gets the green light from Canada’s competition tribunal Citigroup layoffs begin as part of CEO Jane Fraser’s overhaul Goldman Sachs Undergoes Leadership Transition as John Rogers Passes the Torch to Russell Horowitz How BRI embraced ESG and DEI while serving Indonesia’s unbanked population
