Steelman · slot C
A subsidy for incumbents, not journalism
A press-freedom-minded classical liberal would argue —Look at who lined up to endorse this scheme: News Corp Australia, the ABC, and Nine — the incumbents with the leverage to negotiate the deals that let platforms claim their 150 to 170 percent offset. A small regional masthead doesn't have that leverage; a Murdoch title does. So the predictable result is that most of the money flows to the largest legacy operators, while the underlying problem — newsrooms that haven't built a direct relationship with readers — goes unsolved. Worse, you've now wired Australian journalism into permanent dependence on a foreign tech industry, mediated by Canberra. That's not a free press; it's a managed one.