A PYMNTS Company

Australia: ACCC to probe how Facebook, Google hurt quality journalism

 |  February 26, 2018

The Australian Competition and Consumer Commission (ACCC) will examine the impact of Facebook and Google vacuuming up advertising dollars on access to quality news, as the Silicon Valley giants benefit from content made by traditional media companies with falling revenue.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In a broad-ranging inquiry into the impactof digital platforms, such as Google and Facebook, who have up-ended advertising markets across the world, the (ACCC) is calling for submissions from a range of media players, new and old, by April 3.

    “While these technological changes have brought many benefits for consumers, this inquiry will have a particular focus on examining whether the changes affect the quality and range of news supplied to Australian consumers,” ACCC Chairman Rod Sims said in a statement.

    The wide-ranging inquiry will also look into how the tech giants use algorithms to present news and whether users truly “understand what data is being collected about them” as well as how it’s used.

    According to the ACCC head, one of the inquiry’s main goals is to make the tech giants more transparent.

    “Our aim is also to understand better the digital platforms’ business models and how they operate behind the scenes, and the evolving nature of the way consumers search for and receive news in Australia,” Sims said.

    Full Content:  Deutsche Welle

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.