Meta to end news in Canada after Online News Act becomes law
AN HISTORIC SHIFT – AND ITS CONSEQUENCES
It’s no secret that traditional media outlets have struggled in recent years as tech firms – largely web and social media giants like Google and Meta – have taken over the advertising market. Consumer habits have moved online, and revenues that once flowed exclusively to traditional newspapers, magazines, TV and radio stations have shifted to digital platforms.
Along the way, tech platforms have been indexing, linking to, and cross-posting news content, then selling ads against the resulting traffic. Media platforms pay to create the content,...