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Decentralized Democracy

House Hansard - 147

44th Parl. 1st Sess.
December 13, 2022 10:00AM
  • Dec/13/22 4:41:29 p.m.
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  • Re: Bill C-18 
Madam Speaker, I want to share a few statistics. Fully 98% of Facebook's total revenue comes from advertising sales; Google and Facebook take 80% of all digital ad spending; and Meta, the company that owns Facebook, generated $193 million in revenue in 2021, thanks to journalistic content, of course. Meanwhile, let us remember that local and regional media are scraping to get by. However, we know that, if there were a framework that forced that revenue to be shared, then according to a 2020 News Media Canada report, publishers could recoup $620 million, which could support 700 journalists. Let us also remember that, in Canada, Facebook earns 35 to 58 times more from media outlets than it pays them. Is that not a clear imbalance and a gross injustice?
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  • Dec/13/22 5:15:12 p.m.
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  • Re: Bill C-18 
Uqaqtittiji, Jeanette Ageson, with the Independent Online News Publishers of Canada, is quoted as saying that, with these amendments, small newsrooms that are operated by start-up entrepreneurial journalists would have been left out of opportunities to negotiate with web giants. Can the member explain the discrepancy between the Independent Online News Publishers of Canada and how he understands this bill to be?
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  • Dec/13/22 5:29:34 p.m.
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  • Re: Bill C-18 
Madam Speaker, I cannot put it better than the Independent Online News Publishers of Canada, which said: Any government intervention into the free press, however well-intentioned, must be carefully considered, as there is a potential to warp outcomes, stifle innovation, determine winners and losers, and compromise journalistic independence. In its current form, Bill C-18...fails this test. I agree.
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