Aussie media under attack by trillion-dollar tech giant

26
Published on August 18, 2020 by

Communications Minister Paul Fletcher has blasted US tech behemoth Google for attempting to label Australian journalism as “big media” despite commanding a $US1200 billion market capitalisation.

“One of the things that struck me was this item that pops up when you do a google search refers to the ‘big media’ companies,” he told Sky News host Peter Stefanovic on Tuesday.

“Now let’s get some numbers in this debate. Google has a market capitalisation of 1200 billion US dollars

“The market capitalisation of News Corp – the biggest of the Australian news businesses – is $US9 billion. Nine Entertainment Ltd is $US2 billion.

“This language which attempts to characterise one side of this policy interaction as ‘big businesses’ – and by implication the other side not a big business, lets be clear this is about the proper commercial terms for dealings between news media businesses.”

0 0 vote
Article Rating
Category Tag
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments