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Facebook and Google could soon pay for news in New Zealand

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New Zealand officials are seeking to pull digital media providers into line when it comes to paying for news

Digital companies like Google and Meta could begin paying media companies in New Zealand under a new scheme designed to protect local content publishers.

Lawmakers in Wellington will vote on the bill, where Prime Minister Jacinda Ardern’s Government is expected to pass it.

Willie Jackson is the Minister of Broadcasting, who said news outlets will benefit from deals reached with digital platforms.

“New Zealand news media, particularly small regional and community newspapers, are struggling to remain financially viable as more advertising moves online.”

The legislation is based on similar laws already passed in Canada and Australia.

“It is critical that those benefiting from their news content actually pay for it,” Mr Jackson said.

The Australian Government introduced the News Media Bargaining Code in 2021, which has led to 30 deals between media outlets and tech firms.

It allows lawmakers to step in when tech companies are negotiating content deals with local media outlets.

The Treasury Department recently found the “agreements have enabled news businesses to, in particular, employ additional journalists and make other valuable investments to assist their operations.”

The agreements are based on how often content is clicked, which ultimately leads to advertising revenue.

Google has cemented agreements with Nine Entertainment and Seven West Media, which are scheduled to run for five years.

Meanwhile, Meta has reportedly reached commercial agreements with 13 news businesses.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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