Vox EU CEPR: “…Our new research calculates what Meta and Google would owe US publishers under a fair payment for the use of their content, and we provide the methodology for calculating these payments so that others can replicate our work. We (conservatively) estimate that Facebook should provide an annual compensation of US$1.9 billion to US publishers. We also estimate (conservatively) that Google should provide an annual compensation of $10–12 billion to US news publishers. In total, we estimate that the tech platforms owe $11.9–13.9 billion to US news publishers annually.”