In furtherance of a global effort to combat illegal robocalls, the Federal Communications Commission has signed a Memorandum of Understanding with the Australia Communications and Media Authority
Pacific Trade Invest (PTI) Australia has announced a new collaboration with online visual communication platform Canva, providing tailored training and scholarships for 250 Pacific businesses with access to the Canva Pro platform.
Broker eyes these ASX 200 shares following Federal Budget
Kerry Sun | May 14, 2021 4:51pm |
More on: Image source: Getty Images
The 2021-22 Federal Budget features $1.2 billion in government spending over six years to drive Australia’s digital economy.
Morgan Stanley believes these initiatives support its bullish view of the media sector. Here are some ASX 200 media shares the broker thinks could see upside.
ASX 200 media shares on broker’s radar
Nine Entertainment Co Holdings Ltd (ASX: NEC)
Morgan Stanley observes a relatively small benefit to commercial free-to-air broadcasters from reduced funding for public broadcasters ABC and SBS. The broker reiterated its
overweight rating for Nine shares with a target price of $3.50.
HEADLINES & GLOBAL NEWS
By
Feb 24, 2021 11:43 PM EST
Digital platforms such as Google and Facebook will now need to pay when linking content in search results and news feeds from local media outlets and publishers in Australia, according to the country s new media law.
Facebook, Google to Pay for News
The move comes just days after the Australian government made some last-minute changes to the bill. The law is now known as the News Media and Digital Platforms Mandatory Bargaining Code.
In a joint statement by Australia s Communications Minister Paul Fletcher and Treasurer Josh Frydenberg, they said that the media law aims to help sustain the public s interest in journalism in Australia. This is through ensuring that media companies receive fair compensation for the content that they produce.
Tim Berners-Lee, known for creating the web in 1989, said he is concerned a proposed law in Australia would require companies like Google and Facebook, right, to pay media companies linking.