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☆ News publishers group urges government to investigate Google for blocking some California news outlets
▼ + stars: | 2024-04-16 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

The move from Google, which drew swift backlash, came over a proposed law that would require tech companies to pay for news content. On Friday, Google announced it had begun removing links to California news websites for some users in response to the bill that would force Google, Meta and others to pay news outlets for their content. “No one company should be permitted to control information so singularly that it can make decisions to the detriment of society, as Google has done in California,” Coffey said. “This is a breach of public trust and we call on Google Executives to answer for this stunt.”Charles F. Champion, the president and CEO of the California News Publishers Association, said the move by Google was suppressing California news. “Google is not above the law, and they should not be allowed to act as if they are.”

Persons: California’s Unruh, Danielle Coffey, ” Coffey, “, Tempore Mike McGuire, ”, Charles F Organizations: CNN, Google, Media Alliance, Department of Justice, Federal Trade Commission, California, Law, UCL, Pro, Tempore, California Journalism, California News Publishers Association Locations: California, America

☆ Three ways investors can minimize their tax payments
▼ + stars: | 2024-04-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

It’s particularly difficult for investors, he said, who have to report their earnings and losses from the market to the IRS. As an alternative, Harris, who currently heads financial services firm Evergreen Money and recently authored a book about reducing tax burdens, shared his three biggest tax tips for investors with Before the Bell. So for tax purposes, selling securities that have lost value can offset the taxes due on gains from successful investments. If your losses exceed your gains, you can carry the net loss (total losses minus total gains) into the next tax year, potentially reducing future tax burdens. If you have three children and two parents, that’s $108,000 in tax free money a year, Harris said.

Persons: They’ll, ”, Bill Harris, It’s, Harris, “, Roth, hasn’t, “ you’re, Laura, Anna Cooban, Brent, Germany’s DAX, Read, Tempore Mike McGuire Organizations: New, New York CNN, National Taxpayers Union Foundation, Paypal, CNN, Evergreen Money, Bell, Investments, Brent, Traders, CAC, FTSE, Nikkei, International Energy Agency, ANZ, Google, California Journalism, Meta, California, Pro, Tempore, ” Locations: New York, United States, Israel, Iran, Tehran, Syria, Shanghai, Paris, California, America

☆ Google removes links to California news sites, citing proposed state law requiring payment to publishers
▼ + stars: | 2024-04-13 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

New York CNN —Google is removing links to California news websites in reaction to proposed state legislation requiring big tech companies to pay news outlets for their content, the company announced Friday in a blog post. “It’s time they start paying market value for the journalism they are aggregating at no cost from local media.”Charles F. Champion, the president and CEO of the California News Publishers Association, said Google is suppressing California news. Google has not responded to CNN’s request for comment about the current state of talks with the Canadian government. The company had a similar reaction to a 2021 Australian law that would require platforms to compensate Australian news outlets for using their content. Google said at the time it would pay publishers through its Google News Showcase instead of paying them for links.

Persons: Tempore Mike McGuire, ”, Assemblymember Buffy Wicks, “, Charles F, we’ve, CJPA, Jaffer Zaidi Organizations: New, New York CNN, Google, California Journalism, Meta, California, Pro, Tempore, ”, California News Publishers Association, Global, Australian Competition, Consumer Commission Locations: New York, California, America, Canada, Australian, Australia

☆ Google removing links to California news websites as part of test in response to pending legislation
▼ + stars: | 2024-04-12 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Google headquarters is seen in Mountain View, California, United States on May 15, 2023. Google will begin removing links to California news websites from search results for some Californians in response to a bill that would require online ad companies to pay a fee for connecting state residents to news sources. The recent developments have upended many online publishers that count on Facebook and Google for traffic and are particularly painful for publications that rely on advertising revenue. "If passed, CJPA may result in significant changes to the services we can offer Californians and the traffic we can provide to California publishers," Zaidi wrote. Supporters of the California bill say it will help news publishers receive a fair chunk of the ad profits reaped by tech juggernauts like Apple , Google and Meta.

Persons: Jaffer Zaidi, Zaidi Organizations: Google, California Journalism, Facebook, Meta, Google News, Apple Locations: View , California, United States, California, France, Germany, Spain, Australia, Canada, New Zealand

☆ Meta says it will block news on Facebook in California if recently advanced bill becomes law
▼ + stars: | 2023-06-01 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

California lawmakers advanced a bipartisan bill Thursday that would require Big Tech platforms to pay publishers for news they host, just a day after Meta threatened to remove news from Facebook and Instagram should the bill pass. The California Journalism Preservation Act, which passed out of the state Assembly 46-6, still needs to be approved by the state Senate and signed by Democratic Gov. The California bill has similar aims to federal legislation that a bipartisan group of lawmakers attempted to advance last year. The current conflict between Meta and California lawmakers recalls a similar fight in Australia in 2021, when the government there sought to require online platforms to pay for news content. WATCH: Australia slams Facebook's move to block news amid new media bill

Persons: Meta, Gavin Newsom, Andy Stone, Adam Kovacevich, Danielle Coffey, Facebook's Organizations: Big Tech, Facebook, California Journalism, Democratic Gov, Twitter, Media Alliance, Tech, Journalism, CNBC, YouTube Locations: California, Meta, Australia

☆ Meta threatens to yank news content from California over payments bill
▼ + stars: | 2023-05-31 | by ( Katie Paul | ) www.reuters.com time to read: +2 min

NEW YORK, May 31 (Reuters) - Facebook parent Meta Platforms (META.O) said on Wednesday it would remove news content in its home state of California if the state government passed legislation forcing tech companies to pay publishers. The proposed California Journalism Preservation Act would require "online platforms" to pay a "journalism usage fee" to news providers whose work appears on their services, aimed at reversing a decline in the local news sector. The statement was Meta's first on the California bill specifically, although the company has been waging similar battles over compensation for news publishers at the federal level and in countries outside the United States. In December, Stone said Meta would remove news from its platform altogether if the U.S. Congress passed a bill that closely resembles the proposed California legislation. Google did not immediately respond to a Reuters request for comment about the California bill.

Persons: Andy Stone, Stone, Katie Paul, Kirsten Donovan Organizations: YORK, California Journalism, U.S, Congress, Google, Facebook, Thomson Locations: California, United States, Canada, Australia

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