Facebook and Google targeted in Australian media probe

Latest news

    A Facebook company logoImage copyright Getty Images

    Australia’s competition regulator has begun an inquiry into whether the influence of Facebook and Google has harmed the media sector.

    It will investigate whether the disruption of the news media by the US tech giants has been detrimental to consumers and publishers.

    The government ordered the inquiry as part of wider media reforms.

    Traditional media companies have been squeezed by online rivals and suffered a sharp drop in advertising revenues.

    The Australian Competition and Consumer Commission (ACCC) inquiry, announced on Monday, will examine the effect that search engines, social media and other digital content aggregation platforms are having on media and advertising markets.

    ACCC chairman Rod Sims said in a statement the inquiry “will study how digital platforms such as Facebook and Google operate to fully understand their influence in Australia”.

    Mr Sims said it will investigate whether digital platforms are “exercising market power in commercial dealings to the detriment of consumers, media content creators and advertisers”.

    Image copyright AFP
    Image caption Australia’s media sector has suffered from declining advertising revenues

    The government ordered the investigation as part of wider reforms amid rising concerns about the future of the media sector following years of falling profits, newsroom job cuts and the rise of fake news.

    The inquiry will have power to demand information from Google, Facebook and other firms, as well as hold hearings.

    View the original article: http://www.bbc.co.uk/news/business-42218692

    The ACCC is expected to produce a preliminary report late next year.

    In the same category are

    Morrissey denies defending Kevin Spacey Image copyright Getty / Reuters Image caption Der Spiegel quoted Morrisey as saying one of Spacey's accusers "did not sound very credible" Morriss...
    Peppa Pig’s GP visits copied by fans, says doctor Image copyright PA Peppa Pig has been named as public enemy number one in the fight to reduce unnecessary GP visits, by a doctor.Dr Catherine Bell, ...
    Oscar Pistorius hurt in prison fight in South Africa Image copyright AFP Image caption Oscar Pistorius (left in 2016) was found guilty of his girlfriend's murder in 2015 Former South African athlete ...
    UK inflation rate rises to 3.1% Image copyright PA Inflation rose to 3.1% in November, the highest in nearly six years, as the squeeze on households continued.The Office for Nation...
    New York Port Authority attack: Akayed Ullah ‘inspired by IS’ Media playback is unsupported on your device Media captionThe blast hit during New York's rush-hour - this is how events unfoldedThe suspect being h...
    Lewis Hamilton: BBC Sports Personality 2017 contender BBC Sports Personality of the Year 2017Date: Sunday, 17 December Time: 18:45 GMT Venue: Echo Arena, Liverpool Coverage: BBC One, Radio 5 live, BBC Sp...

    Comment on this story