Showing posts with label Advertising revenue. Show all posts
Showing posts with label Advertising revenue. Show all posts
Monday, August 7, 2023
Eric Crampton: Canada a cautionary tale for big tech paying for news
Labels: Advertising revenue, Decline of newspapers, Eric Crampton, Facebook, Google, News fundingDonald Trump convinced himself and a lot of Americans he could build a wall at America’s southern border and make Mexico pay for it.
It was an obviously terrible idea. And, unsurprisingly, it did not go well. Hundreds of miles of walls were built. But they weren’t very effective. And the money to pay for it largely came out of the US defence budget. Some parts of the wall cost $46 million per mile.
A lot of New Zealand’s newspapers have convinced themselves and the New Zealand government that they can have a whole lot of new newsmedia funding and make Big Tech platforms pay for it.
It is also an obviously terrible idea.
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