The advocacy body for the news media industry is lobbying the feds on copyrights and remuneration rights for news media organizations.
Erin Finlay of Stohn Hay Cafazzo Dembroski Richmond LLP registered last week for News Media Canada to lobby on those provisions in the Copyright Act.
The lobbying org has been vocal in its call for more robust supports from Ottawa to help the industry weather the COVID-19 pandemic and address longer-term structural issues, as more and more media outlets move away from a reliance on advertising to subscription-based models. – Marco Vigliotti, iPolitics
Canadians are promoting right-wing extremism in thousands of conversations that are openly taking place on the internet, a new study finds.
On Friday, the Institute for Strategic Dialogue, a British-based think tank, released the findings in a 46-page report titled An Online Environmental Scan of Right-Wing Extremism in Canada.
“We identified 6,660 right-wing extremist channels, pages, groups and accounts,” the study says. The Canadian activity reaches an audience of millions of people, it said, and includes a network of 6,352 Twitter accounts, 130 public Facebook pages and groups, and 32 YouTube channels. – Colin Freeze, The Globe and Mail
Media owners in Australia are pressing for regulation which forces them to produce a certain amount of Australian drama, children’s shows and documentaries to be scrapped.
Industry body Free TV, which has members including Seven West Media, Ten and Nine, has submitted to the government’s options paper, Supporting Australian Stories on our Screens, asking for the deregulation of quota obligations, as well as robust production support and incentives.
The group argues that they need greater flexibility to meet audience demand and compete with streaming services such as Netflix. – Mariam Cheik-Hussein, Ad News
Netflix Inc. will shift as much as $100 million U.S. to lenders that serve the Black community, making it the largest company yet to pledge cash to historically underfunded financial institutions.
The online TV giant will start by shifting $25 million into the Black Economic Development Initiative, a new fund that will invest in Black-owned financial institutions serving low-income communities, and $10 million to Hope Credit Union. Going forward, the company will steer two percent of its cash on hand, which currently amounts to about $5 billion, to financial organizations that directly support African-American communities. – Lucas Shaw, Bloomberg
The former President and CFO of the CAB died in Hanoi, Vietnam, on June 27, 2020, at age 82.
For thirteen years, Michael McCabe was an important part of Canada’s broadcasting scene. When he was appointed President and CFO of the Canadian Association of Broadcasters (CAB) in 1988, the industry was on the precipice of unprecedented change. Michael led all private broadcast sectors – radio, television and specialty and pay services – through numerous successful initiatives before the Government, the CRTC and other industry stakeholders.
Through the strategic plans Taking The Lead and 2001’s Future Plan both developed under the McCabe leadership, broadcasters were able to convince the government to recognize broadcasting as an important tool to achieve Canada’s cultural objectives.
A professional in public policy and communications before coming to the CAB, Michael McCabe held senior positions in the public and private sectors, including serving as Executive Assistant to former Liberal Finance Minister Mitchell Sharp – as Executive Director, CFDC (Telefilm Canada) -as Assistant Deputy Minister of Consumer and Corporate Affairs – and as Chairman of Policy Research for Canada Mortgage and Housing Corporation.
In 1999, he received the Western Association of Broadcasters Broadcaster of the Year Award, and in 2000 was named by Canadian Women In Communications as Mentor of the Year.
In December 2001, Michael McCabe stepped down from the CAB.
On October 30, 2001, at the final General Annual Meeting of the Canadian Association of Broadcasters which he chaired, Michael McCabe was inducted into the Broadcast Hall of Fame.
For further reading, his obituary is published in the Globe and Mail.
The Official Loch Ness Monster Sightings Register sent the photo to one of their experts ‘who said that it was “compelling evidence” ‘ of the creature
Author of the article:
Published Apr 24, 2024 • Last updated 3 hours ago • 3 minute read
LONDON — Parry Malm and Shannon Wiseman weren’t expecting a “pivotal moment” in their sons’ lives when they visited Scotland’s Loch Ness earlier this month, but that’s exactly what happened.
“Our youngest is turning three next week,” said Wiseman from the family’s home in London, England. “And he tells everyone there have been two pivotal moments in his life: Seeing the world’s largest dinosaur, which he did at the Natural History Museum in January, and seeing Nessie.
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“He tells everyone he encounters. He tells the postman, he tells the guys in the shops and the cafes.”
Malm and Wiseman have been thrust into the limelight after a photo they took during their family vacation showed a shadowy figure poking above the waterline, something that the couple’s children _ and others — firmly believe is the latest sighting of the famed Loch Ness monster.
Malm and Wiseman, who are from Coquitlam B.C., and Calgary respectively, moved to England in 2006.
The couple said the original plan for the spring vacation was to take a boat ride in Loch Ness because their children were “completely captivated by the concept of Nessie.”
“We’d even packed shortbread cookies, which we were told from these books was Nessie’s favourite treat,” Wiseman quipped. “Turned out shortbread cookies were not necessary.”
That’s because the family spotted something sticking out of the water while visiting a lookout at nearby Urquhart Castle.
“We just started watching it more and more, and we could see its head craning above water,” Malm said. “And then it was swimming against the current towards the castle, slowly but surely, like very fastidiously going over the waves (and) coming closer and closer. And then it submerged and disappeared.”
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Malm said the family took a photo of what they saw and decided “for a bit of a laugh” to send the picture to the Official Loch Ness Monster Sightings Register, which he stumbled upon while surfing the internet.
“They got in touch within 24 hours,” Malm recalled. “They were super excited. They sent it to one of their Loch Ness experts who said that it was ‘compelling evidence,’ I believe was the exact phrase.
“And just one thing led to another. I mean, it’s been incredible.”
Since the photo submission, Malm and Wiseman have been featured in British tabloids such as The Sun and the Daily Mirror and digital publication LADbible.
On the Official Loch Ness Monster Sightings Register, the encounter has been recorded as the first Nessie sighting of 2024.
“We’ve both got texts from people who we haven’t heard from in quite some time going, ‘Guess who I just saw on TV?”‘ Malm said.
“I’m just glad that we hit the national media in Canada for spotting the Loch Ness monster and not being on Crime Stoppers.”
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Both Malm and Wiseman said they are happy their experience is bringing some positivity to the daily news cycle, and at least one person they have spoken with thanked them for the picture.
“Our son’s school’s headmaster is Scottish,” Malm said. “And he pulls me aside at pick up one day and he goes, ‘You know what, Perry? You’ve done more for Scottish tourism than anybody else in my lifetime.’
“So, hopefully some people will be inspired to come visit Scotland.”
What isn’t certain, however, is what they actually encountered on that cold April morning on the shore of Loch Ness.
“We don’t know what we saw,” Wiseman said. “Our children believe we saw Nessie, and I believe it for them.
“I believe that we saw something that could be Nessie, and that is a very broad possibility.”
Malm said the wonder that the sighting has inspired in his children, and others resonating with the photo, is more important than the question of what they encountered.
“It’s really charming,” he said of the outpouring of reactions. “Because in a world where the news is about a war here and an atrocity there, it’s just nice that people are interested in something that’s just lighthearted, a little bit silly and a little bit unbelievable.”
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The British Columbia government is putting its proposed online harms legislation on hold after reaching an agreement with some of the largest social media platforms to increase safety online.
Premier David Eby says in a joint statement with representatives of the firms Meta, TikTok, X and Snapchat that they will form an online safety action table, where they’ll discuss “tangible steps” toward protecting people from online harms.
Eby added the proposed legislation remains, and the province will reactivate it into law if necessary.
“The agreement that we’ve struck with these companies is that we’re going to move quickly and effectively, and that we need meaningful results before the end of the term of this government, so that if it’s necessary for us to bring the bill back then we will,” Eby said Tuesday.
The province says the social media companies have agreed to work collaboratively with the province on preventing harm, while Meta will also commit to working with B.C.’s emergency management officials to help amplify official information during natural disasters and other events.
The announcement to put the Bill 12, also known as the Public Health Accountability and Cost Recovery Act, on hold is a sharp turn for the government, after Eby announced in March that social media companies were among the “wrongdoers” that would pay for health-related costs linked to their platforms.
At the time, Eby compared social media harms to those caused by tobacco and opioids, saying the legislation was similar to previous laws that allowed the province to sue companies selling those products.
Eby said one of the key drivers for legislation targeting online harm was the death of Carson Cleland, the 12-year-old Prince George, B.C., boy who died by suicide last October after falling victim to online sextortion.
“In the real world we would never allow a company to set up a space for kids where grown adults could be invited in to contact them, encourage them to share photographs and then threaten to distribute those photographs to their family and friends,” Eby said when announcing the legislation.
The premier said previously that companies would be shut down and their owners would face jail terms if their products were connected to harms to young people.
In announcing the pause, the province says that bringing social media companies to the table for discussion achieves the same purpose of protecting youth from online harm.
“Our commitment to every parent is that we will do everything we can to keep their families safe online and in our communities,” said Eby.
Ryan Cleland, Carson’s father, said in a statement on Tuesday that he “has faith” in Eby and the decision to suspend the legislation.
“I don’t think he is looking at it from a political standpoint as much as he is looking at it as a dad,” he said of Eby. “I think getting the social media giants together to come up with a solution is a step in the right direction.”
On Monday, the opposition B.C. United called for a pause to Bill 12, citing potential “serious legal and economic consequences for local businesses.”
Opposition Leader Kevin Falcon said in a statement that his party pushed Eby’s government to change course, noting the legislation’s vague language on who the province can sue “would have had severe unintended consequences” for local businesses and the economy.
“The government’s latest retreat is not only a win for the business community but for every British Columbian who values fairness and clarity in the law,” Falcon said.
The Greater Vancouver Board of Trade said they are pleased to see the legislation put on hold, given the “potential ramifications” of the proposal’s “expansive interpretation.”
“We hope that the government chooses not to pursue Bill 12 in the future,” said board president and CEO Bridgitte Anderson in a statement. “Instead, we would welcome the opportunity to work with the government to develop measures that are well-targeted and effective, ensuring they protect British Columbians without causing unintended consequences.”
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Donald Trump is set to secure on Tuesday a stock bonus worth US$1.3-billion from the company that operates his social media app Truth Social (DJT-Q), equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares.
The award will take the former U.S. president’s overall stake in the company, Trump Media & Technology Group (TMTG), to US$4.1-billion.
While Mr. Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at US$4.7-billion.
Unlike much of his real estate empire, shares are easy to divest in the stock market and could come in handy as Mr. Trump’s legal fees and fines pile up, including a US$454.2-million judgment in his New York civil fraud case he is appealing.
The bonus also reflects the exuberant trading in TMTG’s shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.
Mr. Trump will be entitled to the stock bonus under the terms of the SPAC deal once TMTG’s shares stay above US$17.50 for 20 trading days after the company’s March 26 listing. They ended trading on Monday at US$35.50, and they would have to lose more than half their value on Tuesday for Mr. Trump to miss out.
TMTG’s current valuation of approximately US$5-billion is equivalent to about 1,220 times the loss-making company’s revenue in 2023 of US$4.1-million.
No other U.S. company of similar market capitalization has such a high valuation multiple, LSEG data shows. This is despite TMTG warning investors in regulatory filings that its operational losses raise “substantial doubt” about its ability to remain in business.
A TMTG spokesperson declined to comment on the stock award to Mr. Trump. “With more than $200 million in the bank and zero debt, Trump Media is fulfilling all its obligations related to the merger and rapidly moving forward with its business plan,” the spokesperson said.
While Mr. Trump’s windfall is rich for a small, loss-making company like TMTG, the earnout structure that allows it is common. According to a report from law firm Freshfields Bruckhaus Deringer, stock earnouts for management were seen in more than half the SPAC mergers completed in 2022.
However, few executives clinch these earnout bonuses because many SPAC deals end up performing poorly in the stock market, said Freshfields securities lawyer Michael Levitt. TMTG’s case is rare because its shares are trading decoupled from its business prospects.
“Many earnouts in SPACs are never satisfied because many SPAC prices fall significantly after the merger is completed,” Mr. Levitt said.
To be sure, TMTG made it easier for Mr. Trump to meet the earnout threshold. When TMTG agreed to merge with the SPAC in October, 2021, the deal envisioned that TMTG shares had to trade above US$30 for Mr. Trump to get the full earnout bonus. The two sides amended the deal in August, 2023 to lower that threshold to US$17.50, regulatory filings show.
Had that not happened, Mr. Trump would not have yet earned the full bonus because TMTG’s shares traded below US$30 last week. The terms of the deal, however, give Mr. Trump three years from the listing to win the full earnout, so he could have still earned it if the shares traded above the threshold for 20 days in any 30-day period during this time.
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