Why the ACCC is investigating Facebook and Google's impact on Australia's news media
Posted in: Government & Policy at 05/12/2017 14:58
The competition regulator has announced it will investigate whether online giants Facebook and Alphabet Inc's Google have disrupted Australia's news media market to the detriment of publishers and consumers.
It comes just a week after the latest round of journalism job cuts were announced — this time, at HuffPost's Australian website.
Here's why the Australian Competition and Consumer Commission (ACCC) is investigating the tech companies and what it will mean for Australian news outlets.
Australia to probe Facebook, Google over media disruption
Australia’s competition regulator said on Monday it would investigate whether U.S. online giants Facebook and Alphabet Inc’s Google have disrupted the news media market to the detriment of publishers and consumers.
Like their rivals globally, Australia’s traditional media companies have been squeezed by online rivals, as advertising dollars have followed eyeballs to digital distributors such as Google, Facebook and Netflix Inc.