Naspers chairman Koos Bekker said the decline of newspapers marks the inexorable advance of technology.
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The Competition Commission is considering a monetary pool, funded by Big Tech, that pays media houses for news content.
Rules similar to Australia’s and Canada’s, which make Big Tech pay for news content, may be around the corner for South Africa.
Google has hit back at publisher criticism, claiming it doesn’t make significant money from news in South Africa.
Media24 has told the Competition Commission that Google is threatening the viability of the Fourth Estate in South Africa.
Moneyweb has joined a chorus of complaints about Google’s business practices at a Commission Commission hearing.
PlusOne, the Naspers-owned generative AI tool that acts as an aggregator of several third-party AI models.
The Competition Commission plans to initiate an investigation into digital media and platforms in South Africa.
Meta Platforms has responded to the news last week that several South African publishers are dragging it and Google to the Competition Commission.
South African publishers, including Media24, are taking Google and Meta Platforms to the Competition Commission, seeking compensation for use of their journalism.