Seven Media chair warns tech giants profit from Australian journalism
Seven Media Group chair Ryan Stokes told shareholders social media platforms capture Australian content and audiences. These platforms make no comparable investment or payment.
Ryan Stokes chairs Seven Media Group. He told shareholders that social media giants use algorithms to capture attention without accountability to communities.
Social media platforms capture Australian content and audiences. But they make no comparable contribution through tax, employment or investment in local news.
Tech platforms also profit from scam ads. These ads use AI-made likenesses of famous Australians to trick people.
Stokes called for new rules. These rules should protect Australian content from use by AI platforms without permission or payment.
He also wants changes so local media can compete fairly.
- Ryan Stokes
- Seven Media Group chair
- Sydney
- Meeting location
- Seven Media Group
- New company name
Why it mattersProposed regulation could affect how tech companies operate in Australia. It could also affect what they pay news outlets for content.
AustraliaAustralian media companies and regulators face growing pressure to update rules governing tech platforms' use of local journalism and advertising revenue.
✓ Claims checked against the source and corrected before publish. checked 4 h ago
