Latest / Early Edition with Ryan Bridge / Duncan Greive: Spinoff Founder on the potential impact of the changes to the Fair Digital News Bargaining Bill

Transcript

Duncan Greive: Spinoff Founder on the potential impact of the changes to the Fair Digital News Bargaining Bill · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: The government's decided to move forward with us FED Digital
• 0:02
  Speaker 1: News Marketing Bill. Basically, you get the big tech players
• 0:04
  Speaker 1: to the table category or with local media around usage
• 0:07
  Speaker 1: of content to be count the arbitrator steps in. Our
• 0:09
  Speaker 1: media commentator spin off founder Duncan greeves with us Duncan,
• 0:12
  Speaker 1: very good morning to you.
• 0:14
  Speaker 2: Money might as soon.
• 0:14
  Speaker 1: As I can tell, there are two issues one whether
• 0:16
  Speaker 1: or there is an issue, and I think we all
• 0:17
  Speaker 1: agree there is two. Whether this fix is at what's
• 0:19
  Speaker 1: your view?
• 0:21
  Speaker 2: I think that there is a decent shot that this
• 0:24
  Speaker 2: will bring material change that the big question mark is,
• 0:28
  Speaker 2: you know, with this, with Goldsmith now having the power
• 0:32
  Speaker 2: to designate, whether the big tech platforms will go along
• 0:35
  Speaker 2: with it or as Meta has done another markets like Canada,
• 0:39
  Speaker 2: will was this that everything it has?
• 0:41
  Speaker 1: Do you think part of the problem is Goldsmith looks
• 0:43
  Speaker 1: like he's been dragged here reluctantly.
• 0:46
  Speaker 2: Well, I think that this is where the change from
• 0:48
  Speaker 2: Melissa Lee, who was very publicly empty the bill does
• 0:53
  Speaker 2: have a favor. Goldsmith has been on a bit of
• 0:55
  Speaker 2: a listening tour with media and you know, certainly at
• 0:58
  Speaker 2: the press conference yesterday made it pretty good best of
• 1:00
  Speaker 2: suggesting that this is something he's thought deeply about and
• 1:03
  Speaker 2: come to all his ownvolition. Whether that's true or not,
• 1:06
  Speaker 2: is it a separate matter.
• 1:07
  Speaker 1: Okay, So Canada and Australia, are they shining examples of
• 1:11
  Speaker 1: how brilliant this can be or are they a bit
• 1:13
  Speaker 1: half baked?
• 1:15
  Speaker 2: Well, Australia was the poster boy and had you know,
• 1:20
  Speaker 2: I think it was about two hundred million Australian dollars
• 1:22
  Speaker 2: a year that had gone into journalism that wouldn't have
• 1:24
  Speaker 2: had the wives gone. Google has no what are is
• 1:29
  Speaker 2: continuing with it? The meta has signal so that it
• 1:31
  Speaker 2: woke when you it's ones and that now there is
• 1:34
  Speaker 2: a real battle in Australia about whether news will continue
• 1:38
  Speaker 2: to be distributed through platforms like Facebook and Meta. So
• 1:43
  Speaker 2: there is a bit of a change from the consumer side,
• 1:46
  Speaker 2: but from a revenue perspective, the the you know, there
• 1:50
  Speaker 2: is there's money flying that wasn't previously flying and there
• 1:53
  Speaker 2: are still moves that government could make. I think that
• 1:57
  Speaker 2: that mean that that story isn't finished being told.
• 2:00
  Speaker 1: Okay, do you take their threat seriously? Will turn off
• 2:02
  Speaker 1: the news or not?
• 2:04
  Speaker 2: Well, they've done it in Canada, so I think you
• 2:06
  Speaker 2: have to take them seriously, it's about how material that
• 2:09
  Speaker 2: is for your country. You know. I think that we're
• 2:14
  Speaker 2: Facebook to turn off news and I think the government
• 2:17
  Speaker 2: could quite rightly say, well, your platform is now at
• 2:20
  Speaker 2: information free zone, will turn off advertising. That hasn't been
• 2:23
  Speaker 2: done in other countries. But government's the biggest client of
• 2:27
  Speaker 2: these companies and hasn't to this point used that. Sickly
• 2:30
  Speaker 2: asked old Smith yesterday whether he would, and he didn't.
• 2:33
  Speaker 2: But I think that there are still moves to be made.
• 2:35
  Speaker 2: This is still very early.
• 2:37
  Speaker 1: I think good Good Insight don't appreciate it as almost
• 2:39
  Speaker 1: Dunk and Greaves spinoff founder and the media commentator.
• 2:42
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• 2:45
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• 2:47
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• 2:49
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