News organizations have long hoped that tech platforms would pay them for news. Now regulators abroad are moving to make that happen. A report by Australian regulators left little doubt about what they see as the cause of local journalism’s demise — the near monopolistic power of Google and Facebook. And it has set off a chain of events that could shift the balance of power between big tech and the news at a dire moment for journalism.
Source: Big Tech Has Crushed the News Business. That’s About to Change.