TSX:GVC - Post Discussion
Post by
nozzpack on Jun 02, 2021 6:53pm
US Media Taking Different Aproach
Recently, publishers of 125 newspapers across 11 U.S. states filed a lawsuit against the tech giants, accusing them of monopolizing the digital advertising market and restricting the monetization of local news.
Up for grabs is a slice of the US$4.7 billion a year Google earns just on the back of news content, according to a 2019 study by News Media Alliance, a Washington, D.C.-based industry lobby group.
Add in Facebook and what is up for grabs is much larger.
Canada is taking the Australian approach .
In between all of that, is the benefits of consolidation.
In that regard, GVC stands out as an exceptional low hanging fruit.
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