Job losses and potentially dire impact on regional media from Meta’s news exit

Original article by Calum Jaspan
The Age – Page: Online : 8-Mar-24

Australian Community Media executive chair Antony Catalano contends the decision by Meta to refuse to pay for Australian news content could have a "dire impact" on what is Australia’s largest regional newspaper publisher. Catalano said there would certainly be job losses at ACM if an alternative source of funds cannot be found, while he says he always felt as if Meta was not committed to the media content funding deals. Public Interest Journalism Initiative CEO Anna Draffin has suggested that tax reform could help make up the revenue gap resulting from Meta’s decision, suggesting it could take the form of a research and development-style rebate.

CORPORATES
AUSTRALIAN COMMUNITY MEDIA PTY LTD, META AUSTRALIA LIMITED, PUBLIC INTEREST JOURNALISM INITIATIVE

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