OTTAWA: The Canadian government will stop spending some C$10 million per year on Facebook and Instagram ads amid a dispute over a new law on paying online news publishers that the Meta-owned platforms have opposed, Heritage Minister Pablo Rodriguez said on Wednesday .
Google and Meta announced their moves after Bill C-18, or the Online News Act, was passed into law last month. The government is in the process of finalising rules that would require the platforms to share some advertising revenue before the law is implemented by the end of this year. The legislation was drafted after calls from Canada's media industry for tighter regulation of internet giants to allow news businesses to recoup financial losses suffered in the years that Facebook and Google gained a greater share of the online advertising market.
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