Tag: Media industry

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Alter Ego Media Makes its Debut on the Athens Stock Exchange

Alter Ego Media, Greece’s largest media group founded by Vangelis Marinakis, has officially debuted on the Athens Stock Exchange. The company’s IPO raised €57 million, far exceeding expectations with demand surpassing the offering by 11.9 times. The funds will support Alter Ego Media’s transformation into a leading Media Tech Group. On January 27, 2025, Marinakis rang in the opening of the stock exchange session, marking a significant milestone for both the company and Greece’s media landscape.

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Australian Government Proposes New Tax Plan to Fund Journalism through Tech Giants

The Australian government has unveiled a proposed tax on major tech platforms, including Facebook, Google, and TikTok, to ensure they support local journalism financially. This tax, applicable to platforms with Australian revenues exceeding $250 million, can be offset if these companies enter into compensation agreements with news organizations. Aimed at sustaining independent journalism, the proposal arises amid concerns that tech giants might withdraw news services from their platforms. Though the exact tax details are pending negotiations, the plan reflects a strategy to engage tech companies in bolstering Australia’s media landscape.