Wednesday, May 01, 2024

Most Americans say a free press is highly important to society

In a time of war and populism, the world needs quality information and credible news outlets. Local news is a part of this healthy ecology. 

But news publishers have struggled to find ways to make money in recent years – especially as referral traffic and ad revenue from social media sites continue to fall.

The monopoly power of large platforms, and the control they exert over news distribution, was one reason Australia’s competition authorities introduced the News Media Bargaining Code in 2021.

This code has prompted Google and Meta to strike deals with a number of Australian media organisations, addressing the longstanding conundrum of how to get platforms to pay for news. It has even become a template for other countries looking to compensate their own media businesses. 

But what exactly is fair compensation in this case? Our new report suggests the amounts of money Google and Meta should be paying news publishers are far greater than anyone imagined, and far more than the tech companies themselves claim.

Why Google and Meta owe news publishers much more than you think – and billions more than they’d like to admit


‘I failed here’: Crypto king with a $62b fortune sent to jail

Binance founder Changpeng Zhao will become the world’s richest prisoner after being sentenced for allowing money laundering.


If I get busted, I get done for fraud’: ICAC finds council worker corrupt

‘If I get busted, I get done for fraud’: ICAC finds council worker corrupt

Tony Nguyen used fake email addresses, aliases and “dummy bids” to manipulate tender processes for council projects, watchdog found.

Meet the private doctor to the wealthy — at $40,000 a year CNBC

        Aha Praha 


Raskolnikov: Taxing The Ten Percent


Most Americans say a free press is highly important to society

“A large majority of Americans see the freedom of the press as highly important to the well-being of society. 

But many express concerns about potential restrictions on press freedoms in the United States – and say that political and financial interests already have a lot of influence on news organizations. These findings come from a new Pew Research Center survey ahead of World Press Freedom Day on May 3.”


‘Does the CIA Still Do That?’

A look at the CIA’s sorry history of propaganda, psyops and assassinations.