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By The Canadian Press
This Tuesday, July 19, 2016, file photo shows the Google logo at the company’s headquarters in Mountain View, Calif. (THE CANADIAN PRESS/AP-Marcio Jose Sanchez)OTTAWA — A lobby group for Canada’s newspapers and magazines is asking MPs to enact new rules to help its members negotiate compensation from social-media giants that post content the traditional media produce.
News Media Canada wants the government to let the industry negotiate collectively with the likes of Google and Facebook.
There are similar rules in other countries, such as Australia and France, where Google announced last week it had signed compensation agreements with several daily newspapers and magazines, including Le Monde.
News Media Canada’s CEO, John Hinds, said Canadian rules similar to those would negate the need for any new taxes or spending programs.
“It allows the industry and the digital monopolies to negotiate fair terms for compensation,” Hinds told MPs on the House of Commons heritage committee Friday.
“It doesn’t raise taxes, it doesn’t deal with government sort of intervening in the marketplace, but it allows a fair market interaction between the platforms and newspapers.”
The committee is studying the challenges the pandemic has created for media and culture groups.
Several members of the committee lamented the reduction in local news coverage as their newspapers cut back on coverage and editions to keep the lights on.
Hinds said some smaller newspapers closed permanently due to the pandemic, while larger publications saw newsroom layoffs.
The federal wage subsidy, he said, has been helpful in avoiding worse.
Advertising revenue plunged by 75 per cent at the start of the pandemic in many markets, he said, and the industry is still struggling with advertising declines in the range of 30 per cent.
The federal government announced a $30-million communications budget at the start of the pandemic, but Hinds said there was limited placement of the resulting ads in Canadian news media.
“The government can deliver on its mandate to communicate with Canadians by implementing a strategy of placing ads where Canadians are looking for trusted content and advertising,” he said.
Without federal help, he added, the future is grim for many of his member organizations.
Source: – ChrisD.ca
The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content.
Effort to Increases News Flow to Investors via Social Media
ARLINGTON, Va., March 30, 2023 (GLOBE NEWSWIRE) — Edge Total Intelligence Inc. (“edgeTI” or the “Company”) (TSXV: CTRL, OTCQB: UNFYF, FSE: Q5i), is pleased to announce it has engaged Toronto-based marketing firm Outside the Box Capital, the acquired and rebranded firm of former North Equities Corp. to provide marketing services via social media channels to investors.
Outside the Box Capital specializes in social media platforms and will be able to facilitate greater awareness and widespread dissemination of the Company’s news into these channels.
“We strive to support companies with an under told story that are doing something extremely innovative,” said Jason Coles, CEO of Outside the Box Capital. “We are thrilled to be working alongside edgeTI during this exciting time in the AI space. We’ll be introducing edgeTI to a broader audience and getting it the recognition it deserves.”
The initial term of the engagement is 6 months and the agreement may be terminated by either party at any time before 6 months. The Company will pay North Equities a cash fee of $100,000 across the term of services. Per the terms of the contract Outside the Box Capital will not receive any stock nor will the firm conduct or route any trades to any trading firm or desk.
About edgeTI
edgeTI helps customers sustain situational awareness and accelerate data-driven action with its real-time digital operations software, edgeCore™. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid experiences via the platform’s low-code development capability and composable experiences. With edgeCore, customers improve their margins and agility by rapidly transforming siloed systems and data across evolving, complex situations in business, technology, and cross-domain operations — helping them achieve the impossible.
Website: https://edgeti.com
LinkedIn: www.linkedin.com/company/edgeti
YouTube: www.youtube.com/user/edgetechnologies
Twitter: www.twitter.com/edge_suite
For further Information contact:
Nick Brigman
Phone: 888-771-3343
Email: ir@edgeti.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information and Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.
Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management’s discussion and analysis that is available on the Company’s profile on SEDAR at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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Board members of the Texas Democracy Foundation reportedly voted to put the progressive Texas Observer on hiatus and lay off its 17-person staff following prolonged economic woes and shrinking readership, marking the latest in a brutal series of closures and layoffs rocking the media industry in 2023.
The Texas Observer’s staff, who reportedly heard about the impending layoffs from a Texas Tribune article, writes a letter to the Foundation’s board asking them to reconsider the decision to close the paper and sets up an emergency GoFundMe page in a last ditch effort to find funding.
NPR cancels four podcasts—Invisibilia, Louder Than a Riot, Rough Translation and Everyone and Their Mom—and begins laying off 100 employees as part of a push to reduce a reported budget deficit of $30 million.
NPR affiliate New England Public Media announces it will lay off 17 employees—20% of its staff—by March 31 after facing “serious financial headwinds during the last three years,” New England Public Media management tells Boston public radio.
Sea Coast Media and Gannett, a media conglomerate with hundreds of papers and Sea Coast Media’s parent company, lay off 34 people and close a printing press in Portsmouth, New Hampshire as part of Gannet’s efforts to reduce the number of operating presses and prioritize digital platforms.
Three Alabama newspapers—The Birmingham News, The Huntsville Times and the Press-Register—become fully digital publications and reportedly lay off 100 people following a prolonged decrease in print paper circulation, Alabama Media Group President Tom Bates told NPR.
New York public radio station WNYC cancels radio show The Takeaway after 15 years on air after the show reportedly became too expensive to produce amid a declining audience—an unspecified number of people are laid off.
News Corp, which owns the Wall Street Journal and HarperCollins publishers, among others, expects to lay off 1,250 people across all businesses by the end of 2023, Chief Executive Robert Thomson reportedly told investors following compounding declines in profit.
The Washington Post stops publishing its video game and kids sections, leaving 20 people unemployed a little over a month after publisher Fred Ryan foreshadowed layoffs in 2023—executive editor Sally Buzbee reportedly tells employees the layoffs were geared toward staying competitive and no more are scheduled.
Vox Media, which owns The Verge, SB Nation and New York Magazine, lays off 133 people—7% of the media conglomerate’s staff— in anticipation of a declining economy, chief executive Jim Bankoff reportedly tells staff.
Entertainment company and fan platform Fandom lays off less than 50 people at affiliated GameSpot, Giant Bomb, Metacritic and TV Guide, Variety reports, mere months after Fandom acquired the four outlets, among others, for $55 million.
The Medford, Oregon-based Mail Tribune shuts down their digital publication after hiring difficulties and declining advertising sales, according to publisher and chief executive Steven Saslow—an undisclosed number of people are laid off and severance packages depend on signing a non-disclosure agreement, the Oregonian reports.
NBC News and MSNBC lay off 75 employees as part of a broader corporate reorganization.
Gannett closes a printing press in Greece, New York, as part of an increased focus on online journalism, resulting in the layoffs of 108 people.
Gannett lays off 50 employees at an Indiana printing press to “adapt to industry conditions,” a spokesperson told the Indiana Star—the press remains open and the layoffs aren’t expected to affect newspaper employees.
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