Facebook & Google under Investigation in Australia for Disruption to the News Media Market
As the future of journalism and the widespread prevalence of
‘fake news’ and misinformation become matters of increased relevance, with
social media platforms in particular facing mounting scrutiny and blame for
facilitating this trend, Australia’s competition regulator, the Australian
Competition and Consumer Commission (ACCC), have announced that they will be pursuing
an investigation into the role that Facebook and Google have played in disrupting
the news media market to the detriment of publishers and consumers.
The probe into the actions of Facebook and Google, announced
on Monday 4th December, forms part of a wider media reform initiative being
undertaken by the Australian government, which was itself brought about due to
growing concern for the future of journalism and the downfall of quality news
sources as profits decline and newsrooms around the globe face damaging cuts
and layoffs.
“We will examine whether platforms are exercising market
power in commercial dealings to the detriment of consumers, media content
creators and advertisers,” Australian Competition and Consumer Commission
(ACCC) Chairman Rod Sims said in a statement.
The inquiry also would study how Facebook and Google operated
to “fully understand their influence in Australia”, he added.
A Google spokesman simply stated, “We look forward to
engaging with this process as relevant.” Facebook on the other hand reportedly did
not respond to The Independent’s request for comment.
We will of course endeavour to keep you updated on any new
development as the investigation progresses, but for now there is little else
of note to say on this matter. A preliminary report is expected to emerge by
the latter part of next year.
Sam
is an aspiring novelist with a passion for fantasy and crime thrillers.
Currently working as Editor of Social Songbird, he hopes to one day drop that
'aspiring' prefix. Follow him @Songbird_Sam
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Facebook & Google under Investigation in Australia for Disruption to the News Media Market
Reviewed by Unknown
on
Tuesday, December 05, 2017
Rating:
Reviewed by Unknown
on
Tuesday, December 05, 2017
Rating:
Unknown
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