Canada a ‘test balloon’ for Meta as company withdraws from news funding in other markets

The company's ban on news sharing in Canada has shown that ‘news is not good business’ for Facebook and Instagram, says UBC’s Alfred Hermida, as Meta announces it will not enter into new funding arrangements with overseas outlets.

Heritage Minister Pascale St-Onge's office says 'our door is open if Facebook wants to come to the table and discuss paying their fair share for the content Canadian journalists produce and which they profit from.'The Hill Times photograph by Andrew Meade

News

BY STEPHEN JEFFERY

March 18, 2024

Meta's recent announcement that it won't renew funding deals with news outlets in other countries shows that its decision to ban news on Facebook and Instagram in Canada—in response to the federal government's Online News Act—has had little impact on its bottom line, say...

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.

Already a Subscriber?

Get Tuesdays: Innovation & Industry Newsletter

The policies, decisions, and people working on investment and regulation in the industry and innovation realm.

By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy