Key Points
OTTAWA, July 5 (Reuters) - The Canadian government will stop spending some C$10 million ($7.5 million) per year on Facebook and Instagram ads amid a dispute over a new law on paying online news publishers that the Meta-owned platforms have opposed, Heritage Minister Pablo Rodriguez said on Wednesday...
Google to say they would end news access on their platforms in Canada, Rodriguez told reporters in Ottawa...
The legislation was drafted after calls from Canada's media industry for tighter regulation of internet giants to allow news businesses to recoup financial losses suffered in the years that Facebook and Google gained a greater share of the online advertising market...
Canadian telecoms operator Quebecor (QBRb.TO) and Cogeco, which runs radio stations in Quebec, also said on Wednesday they would stop advertising on Facebook and Instagram because of Meta's opposition to the new law...
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