Alphabet reports A$7.9bn in Australian revenue, prompting government to consider tech levy for public-interest journalism funding.

Alphabet, Google's parent company, reported A$7.9 billion in revenue in Australia for 2022, outpacing major local media firms like News Corporation. The Australian media landscape, valued at A$69 billion, is highly concentrated, raising concerns about funding for public-interest journalism. To address this, the government is exploring options like a public interest journalism levy, targeting large tech companies to support diverse media funding.

September 17, 2024
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