Big Tech need to split profits with online news publishers
Chandra said at a meeting of the Digital News Press Association (DNPA) on Friday that laws had already been passed and competition commissioners had been made stronger in Australia, Canada, France, and the EU to make sure that news content creators and aggregators got a fair share of the profits.
He said at the DNPA conference, 'It is important for the growth of the national press that the online media outlets, which create original content, get a fair amount of money from the Big Tech websites that act as aggregators.'
Chandra said that after COVID, both print journalism and online journalism had trouble making money.
Journalism is our fourth pillar, so it makes sense that the future of journalism will also be hurt if the traditional news industry keeps getting hurt. So, he said, this is about journalism and making sure people can trust the information they read.
Chandra said that the traditional news business has been good for the country for a long time.
Chandra says that digital media is growing fast and that it is a big part of the country's overall digital growth. 'It has helped us in many ways, but sometimes we're all still afraid of it for different reasons.'
The top 17 news publishers in India are part of the DNPA. It has helped the country for a long time.
Chandra said that the organisation has enough checks and balances to make sure that the news is accurate and appropriate. This is a great example of how our self-regulation policy works.
Chandra said, 'The government will do what's best for everyone and take the suggestions into account.'
Paul Fletcher, an Australian member of parliament and one of the main people behind the law that changes how big platforms and news publishers share revenue, talked about how his country dealt with Google and Facebook's opposition when the first draft of the code was sent to them.
'Along the way, there were some rough spots. Google has said in the past that it might stop giving Google Search to people in Australia. As a result, the PM and I met with global experts from Microsoft, who said they would be interested in expanding BING in Australia. He said with a laugh, 'We didn't hear much more about the threat.'
Chandra says that traditional news has been good for the country.