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Bullboard - Stock Discussion Forum Glacier Media Inc T.GVC

Alternate Symbol(s):  GLMFF

Glacier Media Inc. is a Canada-based information and marketing solutions company. Its products and services are focused in two areas: data, analytics and intelligence, and content & marketing solutions. Its segments include Environmental Risk and Compliance Information, Commodity Information, Consumer Digital Information, and Print Community Media. Environmental Risk and Compliance Information... see more

TSX:GVC - Post Discussion

Glacier Media Inc > Postmedia demand Trudeau take Action on Predators
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Post by nozzpack on Jun 09, 2021 4:14pm

Postmedia demand Trudeau take Action on Predators

 

NP says Postmedia, others demand action on "predators"

 

2021-06-09 08:59 ET - In the News

See In the News (C-PNC) Postmedia Network Canada Corp (2)

The National Post's front page Wednesday is devoted to an open letter to Prime Minister Justin Trudeau on the lack of action on what it calls "predatory monopoly practices" of Google and Facebook against Canadian news media.


Signed by Jamie Irving, chairman of lobby group News Media Canada, says that so far, all the industry has gotten is talk.

"With every passing week, that talk grows hollower and hollower." It says that two Web giants are using their control of the Internet and their highly sophisticated algorithms to divert 80 per cent of all on-line advertising revenue in Canada.

Further, they are distributing the work of journalists across the country without compensation.

Google and Facebook are using their monopoly powers in the same way throughout the world -- choking off journalism from the financial resources it needs to survive.

The difference, the letter adds, is that other countries are putting their foot down.

Australia has enacted comprehensive new legislation requiring the two Web giants to negotiate collectively with that country's media.

The Minister of Canadian Heritage has repeatedly committed to tabling legislation this spring -- but after months of promises, there is still no legislation.

Comment by nozzpack on Jun 09, 2021 5:10pm
We are close to a breakout here. Todays news is issued complements of the majority insiders. They will aggressively pursue just compensation and they will get it. ......
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