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FYI

The Online News Act Is Now Law. What Next?

The contentious legislation has Trudeau's government going head-to-head with two of the world's biggest tech companies, but the punishing price of the war over money may in fact have the unwanted result that Canadian media are punished financially as readership and income plummet.

The Online News Act Is Now Law. What Next?

By FYI Staff

Quebecor and the Government of Canada have suspended advertising on Facebook and Instagram as the showdown between tech giants Meta and Google over the implementation of Bill C-18 (the Online News Act) continues. Curiously though, the Liberal Party continues to run ads on Facebook. As reported by the Financial Post, Pablo Rodríguez, the minister of Canadian heritage, squared this apparent anomaly by stating “The government is one thing and the party another.” The federal government spends about $10M a year advertising on Meta platforms.


The controversial legislation requires Google and Facebook to pay news organizations every time a user accesses a story through a link to news stories that are republished, although there are many other platforms owned or independent of these two tech giants that are not specifically named in the bill. Google as of this morning continues to publish Canadian news bites, despite threatening to exclude headlines from Canadian news sources. Google’s actions may be the result of ongoing backroom conversations with Rodríguez and likely the PMO. A recommended backgrounder to this contentious piece of legislation that in many ways threatens to crush readership of Canadian news is spelled out by Nitish Pahwa in a Slate feature entitled Why Canada’s Attempt to Save Journalism May End Up Crushing It Instead.

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Below, the PM responds to questions following C-18’s passage through The House.

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Rogers Becomes the Sole Owner of MLSE after $4.3 Billion Buyout
Scotiabank Arena in Toronto
Business News

Rogers Becomes the Sole Owner of MLSE after $4.3 Billion Buyout

After buying its shares from Bell last year, Rogers has acquired the remaining 25% stake owned by Kilmer Sports Inc., gaining full ownership of the Toronto Maple Leafs, Toronto Raptors, Toronto FC and the Toronto Argonauts as well as Scotiabank Arena and Coca-Cola Coliseum.

Rogers officially has full ownership of MLSE.

The telecommunications company has announced that it has signed an agreement to purchase the remaining 25% ownership stake of Maple Leaf Sports & Entertainment from Kilmer Sports Inc., becoming the company's sole stakeholder in a $4.35 billion dollar deal.

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