PARIS: Europe’s biggest news agencies accused Google and Facebook of “plundering” news for free on Tuesday in a joint statement that called on the Internet giants to share more of their revenues with the media.
In a column signed by the CEOs of around 20 agencies including France’s Agence France-Presse, Britain’s Press Association and Germany’s Deutsche Presse-Agentur they called on the European Parliament to update copyright law in the EU to help address a “grotesque imbalance.”
“The Internet giants’ plundering of the news media’s content and of their advertising revenue poses a threat both to consumers and to democracy,” the column said.
European Parliament lawmakers are to set to debate a new copyright law this month that would force the Internet giants to pay more for creative content used on their platforms such as news, music or movies.
A first draft of the law was rejected in July and the plans have been firmly opposed by US tech firms, as well as advocates of Internet freedom who fear that the regulations could lead to higher costs for consumers.
“Can the titans of the Internet compensate the media without asking people to pay for access to the Internet, as they claim they would be forced to? The answer is clearly ‘yes’,” the column said.
The joint statement from the agencies, which are major suppliers of news, photos and video, said Facebook reported revenues of $40 billion (€34 billion) in 2017 and profits of $16 billion, while Google made $12.7 billion on sales of $110 billion.
“Who could reasonably argue that they are not in a position to make fair payment for the content they use?” the agencies asked.
“What we are really talking about is introducing a fair payment by those who have ripped off the news. For the sake of Europe’s free press and democratic values, EU lawmakers should press ahead with copyright reform,” they added.
The column marks a new lobbying effort by media groups, backed by artists such as Paul McCartney, to sway European lawmakers as they prepare for a second vote on September 12.
The fight is over two parts of the planned law.
The first is Article 13, which would make platforms like Google-owned YouTube legally liable for copyrighted material to prevent content producers from seeing their work posted without pay.
The second is Article 11, which would create a so-called “neighboring right” meaning that newspapers, magazines and news agencies would have to be paid when Google or other websites link to their stories.
“Without paying for it, Internet giants such as Google and Facebook use vast quantities of news that is produced at great cost by press publishers and news agencies,” added the joint statement on Tuesday.
Critics argue that the reform would lead to blanket censorship by tech platforms because of copyright problems, reducing their role as a hub for creativity, especially YouTube.
They say it would also restrict the usage of memes and remixes by everyday Internet users who often use content without securing the rights.
The column was signed by the heads of TT in Sweden, STT in Finland, Belgium’s Belga and APA from Austria, as well as other media groups across the European continent.
Europe’s news agencies blast Google, Facebook for ‘plundering’ content
Europe’s news agencies blast Google, Facebook for ‘plundering’ content
- ‘The Internet giants’ plundering of the news media’s content and of their advertising revenue poses a threat both to consumers and to democracy’
- ‘Can the titans of the Internet compensate the media without asking people to pay for access to the Internet, as they claim they would be forced to? The answer is clearly ‘yes’’
Asharq Business with Bloomberg, Nasdaq to bring real-time US equities data to MENA
- Nasdaq to deliver exclusive real-time US equities market data
- Real-time updates fully integrated into Asharq Business’ data infrastructure and available across all platforms
RIYADH: Asharq Business with Bloomberg, the region’s leading business and financial news multi-platform channel, announced Tuesday a strategic three-year collaboration with Nasdaq, to deliver exclusive real-time US equities market data and updates to investors and decision-makers across the Middle East.
Through access to Nasdaq’s official data product, Nasdaq Last Sale (NLS), Asharq Business with Bloomberg will receive real-time last-sale trade updates and calculated insights across major US exchanges directly from the Nasdaq Market Center. The collaboration strengthens market transparency, enhances data-driven storytelling, and provides audiences and partners with deeper insight into global financial activity.
With a rapidly growing investor base in the region — and with Nasdaq serving as a primary destination for many Arab and regional investors — Asharq Business with Bloomberg reinforces its mission to deliver timely, accurate, and exclusive financial updates by integrating NLS data into its digital platforms, live markets coverage, and broader data ecosystem.
Leveraging its partnership with Bloomberg Media — which grants access to reporting from over 2,700 journalists and analysts worldwide — Asharq Business with Bloomberg continues to build on its reputation as the region’s most trusted and credible multi-platform business news source. The collaboration with Nasdaq underscores its commitment to providing reliable, data-backed content across social, digital, and streaming platforms, available for audiences anytime and anywhere.
Dr Nabeel Al Khatib, General Manager of Asharq News Network, commented: “It has been five years since the inception of Asharq Business with Bloomberg, and our audience has always been at the center of everything we do. We invest time and effort to understand what matters to them, ensuring we deliver data and stories that genuinely support informed decision-making. With growing regional interest in global markets, our collaboration with Nasdaq marks a strategic step toward offering a clearer, more comprehensive view of international financial activity. Through Nasdaq Last Sale, we aim to further empower our audience with transparent, real-time insights, strengthening their ability to navigate an increasingly interconnected global investment landscape.”
The Nasdaq leadership team added: “We are pleased to collaborate with Asharq Business with Bloomberg to broaden access to high-quality US market data in the Middle East. Through Nasdaq Last Sale, we aim to enhance transparency, support informed decision-making, and contribute to a more connected global investor community.”









