Google Australia managing director Melanie Silva has accused the competition regulator of overlooking more than three billion referrals to Australian news organizations and existing commercial agreements, brushing off the need for a code to govern business deals with local media companies.
Ms Silva hit back against the Australian Competition and Consumer Commission’s (ACCC) recommendation that platforms such as Facebook and Google draw up codes of conduct for how they negotiate commercial deals with media companies, including revenue and data sharing.
“The proposal for regulator-sanctioned negotiation of revenue sharing between platforms and news publishers overlooks existing commercial arrangements between Google and Australian news publishers and the broader value that Google provides through referred web traffic and technology,” Ms Silva wrote in a blog post, summarizing the search and advertising giant’s submission to the Treasury on the ACCC’s Digital Platforms Inquiry.
Google has not made its full submission to the Treasury public. Ms Silva’s blog did not address the ACCC’s ruling that there was an imbalance of bargaining power between the tech giants and local media companies. Facebook strenuously denied there was an imbalance in its submission.
Full Content: Financial Review
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI