> The old man's business doesn't employ half the number of journalists as it did twenty years ago, and the new legislation doesn't require him to hire any more.

> The old man's business doesn't employ half the number of journalists as it did twenty years ago, and the new legislation doesn't require him to hire any more. Rest assured, he won't be hiring any more. These are the figures: - news.com.au publishing (newspaper) revenues in 2019-2020: $1B. [0] - Amount Google is reportedly paying news.com.au: $30m/year. [1] - news.com.au decrease in revenue from 2019 to 2019: $119m. [0] I'm not sure what the legislation is meant to be achieving, but with numbers like that the one thing you can be absolutely sure it won't be doing is saving newspapers, or journalists. [0] https://newscorp.com/wp-content/uploads/2020/10/news-corp-2020-annual-report.pdf https://newscorp.com/wp-content/uploads/2020/10/news-corp-20... [1] https://theconversation.com/why-google-is-now-funnelling-millions-into-media-outlets-as-facebook-pulls-news-for-australia-155468 https://theconversation.com/why-google-is-now-funnelling-mil...