Draft regulations published Friday say Meta and Alphabet Inc. would need to pay news outlets a minimum of 4% of their annual revenue in Canada in return for carrying links to news articles. That means the law compels Alphabet’s Google to pay about C$172 million annually to the news industry in Canada, while Meta’s Facebook would need to shell out C$62 million per year, according to the government’s estimates.
Facebook has already blocked users in Canada from posting or seeing links to news stories — cutting off an important source of web traffic for a number of news companies. A spokesperson for Meta said the draft rules will make no difference. Alphabet has also threatened to cut off Google News links in Canada. A spokesperson for the company didn’t immediately respond to a request for comment.
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