There’s long been a debate how tech giants have a huge sphere of influence. Just this week New York’s attorney general said no company should have this much unchecked power.

But it’s new legislation announced this week by the Australian government that will be watched most closely by countries around the world, including Canada.

It’s called the News Media Bargaining Code and it would force Facebook and Google to negotiate fair rates for journalism.

Currently, the two companies use content from media companies (including Global News) in their news feeds.

And while executives with Facebook and Google have long argued they drive traffic to the media web pages, they don’t pay for the content nor do they share revenue from the ads they sell. Mike Drolet reports.

MORE: https://globalnews.ca/news/7515730/facebook-google-antitrust-media-canada/

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