Media24 has told the Competition Commission that Google is threatening the viability of the Fourth Estate in South Africa.
– the parent of the country’s largest publication, News24 – has told the Competition Commission that Google is abusing its “dominance” and threatening the viability of the Fourth Estate in South Africa.on Tuesday that Google is sucking advertising revenue out of South Africa, making it increasingly difficult for local publications to survive.
“To survive, we have been forced to manage our costs as tightly as possible, with zero cost growth over the past seven years… Despite the cost interventions, 100 000 subscribers and 20 million monthly users, News24 is unprofitable,” he told the commission’s media and digital platforms market inquiry, which kicked off in Pretoria on Monday.
“They flatly refused, claiming confidentiality of competitor-sensitive information, which I believe is an argument of convenience to hide the truth of the extent of their dominance and their cash-extraction business model, which makes competing with them on an equal footing even more impossible and exacerbates what we believe is a clear-cut case of abuse of dominance,” he said.
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