UK newspaper industry regulator wants Google and Facebook to pay journalism tax

Google, Facebook and other sites that host news content on their platforms should pay an annual tax to fund journalism in the UK. This is the stance of the News Media Association, the British newspaper industry’s trade body which represents most of the UK media. 

The organization’s proposal to the UK government comes as the British newspaper industry shrunk from £6.8 billion ($8.94 billion) to £3.6 billion ($4.73 billion) from 2007 to 2017, the Guardian reported Tuesday. 

“The primary focus of concern today is the loss of advertising revenues which have previously sustained quality national and local journalism and are now flowing to the global search engines and social media companies who make no meaningful contribution to the cost of producing the original content from which they so richly benefit,” the organization said.  Read more…

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Source: Mashable | UK newspaper industry regulator wants Google and Facebook to pay journalism tax