Original article by Darren Davidson, Dana McCauley
The Australian – Page: 1 & 8 : 4-May-18
Many of the submissions to the Australian Competition & Consumer Commission’s inquiry into digital platforms have highlighted the impact of Google and Facebook on jobs and advertising revenue in the media sector. Seven Group CEO Ryan Stokes argued that digital companies should be required to pay a fair price for distributing media content, while Foxtel said it is hard to attract new pay-TV customers when pirated content can be accessed for free on Facebook and YouTube. The Australian Association of National Advertisers called for digital platforms to be regulated in a similar way to traditional media companies.
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, FOXTEL MANAGEMENT PTY LTD, YOUTUBE INCORPORATED, AUSTRALIAN ASSOCIATION OF NATIONAL ADVERTISERS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, AUSTRALIAN ASSOCIATED PRESS PTY LTD, TEN NETWORK HOLDINGS LIMITED, SEVEN NETWORK LIMITED, NINE NETWORK AUSTRALIA LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, AMAZON.COM INCORPORATED, NETFLIX INCORPORATED, APPLE INCORPORATED