Google ordered to pay South African media up to R500 million annually
South Africa’s Competition Commission has ruled that tech giant Google must pay local news media between R300 million and R500 million annually to address lost advertising revenue and competition imbalances. The decision follows an inquiry that found Google benefits from South African news content by as much as R900 million per year, while local media houses suffer losses ranging from R300 million to R500 million. In addition to financial compensation, […]
