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this post was submitted on 04 Dec 2023
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Nope the money is going from Google into the pockets of Canadian Telco companies.
It's actually a good point as companies like Bell and Rogers have large stakes in media as well as things like cell and phone service.
So I wonder even with Google making these "payments", will any of this money actually make it to reporters and journalist.
Yeah, but this $100MM from Google is directly linked to C-18, which links the payments to full-time journalists employed.
So, while I don't love that it'll help a company like Bell's bottom line because it offsets journalist salaries at CTV, and I definitely dislike that the PostMedia and TorStar billionaire owners will undoubtedly just pass through all their journalist subsidies to personal profit, I do like that it will help pay for journalists at the CBC and other editorially or financially independent news sources.
So, not all sunshine in this whole C18 / Google story, but what does all that actually have to do with telcos not building infrastructure?
So we're just subsidizing wages for billion dollar corporations?
All this hullabaloo and it turns out we're just subsidizing billionaires again.
Well, consider that prior to this, Google was paying $0 to support the journalists who were driving web traffic to Google News / Search (besides paying them in exposure, of course), thereby not generating ad revenue for the actual news outlets directly. Meanwhile, Canadian tax dollars were subsidizing journalists' salaries.
Now, Google is supporting newsrooms by being forced through C-18 to pay for the news they're disseminating (and profiting from) to the tune of $100MM next year. That's $100MM in the Canadian Federal Budget that's freed up for other use (or savings).
So, not all bad. It's imperfect legislation, but it appears that the desired outcome of this aspect of C-18 has at least partially come to fruition.