Google has announced a huge deal with the news corporation. They're going to pay them what appears to be many, many millions of dollars. This feels to me to be a pretty herendos case of regulatory capture. It's just going to prop up the old ones. And i don't know they're working so well for us right now.
Ben and James discuss Australia’s Media Bargaining Code and its fall-out.
Links
- Ben Thompson: Google Makes Deal With News Corp, Facebook Blocks News in Australia, Microsoft’s Shamelessness — Stratechery Daily Update
- James Allworth: Australia’s Proposed “Fox News Tax” — Medium
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