New York Times CEO sees risk in regulating Google, Facebook to help news media- Technology News, Firstpost

ReutersJul 24, 2020 00:17:35 IST

By Helen Coster

(Reuters) – Regulation supposed to deal with the news business’s issues with Google and Facebook may have antagonistic penalties, mentioned outgoing New York Times Co Chief Government Officer Mark Thompson in an interview this week.

The news business has seen its enterprise mannequin upended by tech giants like Alphabet Inc’s Google and Facebook Inc , which have siphoned internet marketing from publishers and which distribute news articles with out paying the shops that produce them.

Thompson, who has helped lead the Times’ transformation to a “subscription-first enterprise mannequin” mentioned this week that if a news group is just too depending on digital promoting, it’s a “easy competitor” with the foremost platforms which are additionally promoting promoting – a warfare most news organizations that do not have distinctive manufacturers and content material will discover arduous to win as a result of the platforms are a lot greater.

Outdoors america, some regulators are making the tech giants pay for news: France’s competitors authority has ordered Google to pay French publishers for his or her content material, whereas Australian regulators are forcing the corporate and Facebook to share promoting income with native media teams.

However whereas Thompson believes regulatory scrutiny of the platforms is affordable, he sees risk in giving regulators and politicians extra management of media.

“My very own view is, the extra we are able to get the foremost platforms to work bilaterally and voluntarily to help assist journalism at each stage, the higher will probably be,” mentioned Thompson. “The extra it turns into a part of a protracted prolonged, regulatory, and political course of, the much less possible it’s to help in time, and the extra possible you might be to get totally different sorts of antagonistic penalties.”

Facebook pays The Times and different publishers to function their content material on the Facebook News part of the social media firm’s app.

In June the Times ended its partnership with Apple Inc’s news aggregator Apple News, saying that publishers ought to be pretty compensated for his or her content material.

Thompson is stepping down in September, when Chief Working Officer Meredith Kopit Levien turns into the corporate’s new CEO.

(Reporting by Helen Coster; Modifying by David Gregorio)

This story has not been edited by Firstpost employees and is generated by auto-feed.

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