Austria's media in danger: Lockl warns of US China monopoly!

Austria's media in danger: Lockl warns of US China monopoly!

In the middle of growing pressure on the domestic media landscape in Austria, Lothar Lockl, ex-consultant of the Federal President and head of the ORF foundation council, has warned. According to a letter that is the "crown", a disturbing scenario could be imminent. Lockl criticizes that over 90 % of online advertising revenue drain abroad, mainly too large tech companies in the USA and China. "A defacto media monopoly," says Lockl, has arisen because they often use unfair methods and do not have to adhere to the same rules as domestic media. The possible weakening of regional ORF Studios and private media is particularly alarming if further financial burdens come to you-a loss could seriously endanger the cultural diversity in Austria, Lockl warned how the state studios are in danger if no fair competitive conditions are created.

global economic interdependencies under pressure

At the same time as a concern about the media landscape, the global relationships between the USA and China cracks. This week US President Joe Biden and China's leader Xi Jinping meet on the edge of the APEC summit to discuss explosive topics such as trade and technology. However, experts do not expect significant breakthroughs during the meeting, which takes place against the background of growing economic tensions. The United States has promoted its “de-droves” strategy to reduce the dependence on China, while the merchant data show that Mexico and Canada China have overtaken the most important trade partner in the USA.

Both countries have to deal with the consequences of the tense relationships. While the United States is trying to turn away from China, there are already signs of the decline in cooperation because many companies withdraw investments from China or move back completely. The situation is also tightened by export -limited measures that were taken by both the USA and China. This could not only destabilize international trade, but also have far -reaching effects on the global economy. Like cnn , the current situation is shaken and shows how close these problems between financial and medial movements are linked.