Photo by Tech Giants Face New Regulations in New Zealand and Beyond
In a move to address the financial challenges faced by local media outlets, New Zealand’s conservative coalition government has announced plans to introduce a bill requiring digital technology platforms to compensate media companies for news content. This initiative aims to level the playing field for local media companies, which have struggled to compete with tech giants for advertising revenue.
New Zealand takes a stand against tech giants
The Fair Digital News Bargaining Bill, initially introduced by the previous Labour government last year, is set to be presented in Parliament with amendments designed to bolster local media’s ability to generate revenue from the news they produce. Communications Minister Paul Goldsmith emphasized the importance of the bill in supporting New Zealand’s media landscape.
A Precedent Set by Australia
Australia’s digital bargaining law, which came into effect in March 2021, has set a precedent for New Zealand’s initiative. The law empowers the government to compel internet firms such as Meta Platforms (owner of Facebook) and Alphabet Inc’s Google to negotiate payment agreements with media outlets if voluntary negotiations fail. This regulatory framework has created a more equitable environment for Australia’s news media industry.
The Rise of Advanced Technology in Business
In other news, Telewire, a leading managed technology services provider, has unveiled a groundbreaking new solution designed to instantly conduct data discovery on an organization’s network, classify risks, and prioritize cybersecurity measures. This advanced technology promises to revolutionize how organizations understand and manage their data exposure.
Telewire’s new solution prioritizes cybersecurity measures
The solution offers immediate insight into an organization’s network vulnerabilities, highlighting potential risks and providing actionable recommendations. It integrates seamlessly with Microsoft 365, enabling businesses to protect critical data stored in Exchange, OneDrive, SharePoint, and Teams.
A New Era for Data Security
As companies begin to use more AI-powered technology, flaws in data security systems are becoming more apparent. Telewire’s solution ensures compliance with the IT principle of “least privilege,” which limits data access to the minimum necessary for job functions.
Mergers and Acquisitions in the Subsea Industry
In the subsea industry, N-Sea has finalized a deal to acquire Geo Plus, a company operating a fleet of five specialized survey vessels. The acquisition increases N-Sea’s capacity and capabilities in the field of shallow water hydrographic surveys.
N-Sea acquires Geo Plus
By acquiring Geo Plus, N-Sea is well-positioned to take advantage of the growing demand for subsea services.
