Facebook and Google will have to PAY for hosting news content, Australia rules in world first

FACEBOOK and Google will have to pay media companies for news hosted on their platforms, the Australian government has said. The move, announced today by Treasurer Josh Frydenberg, is a world-first, and will see the tech giants pay for content through a royalties-style system. There have long been calls for both companies to be made to pay if they want to publish snippets of articles from online outlets on their platforms. Media companies also say they have lost millions in advertising revenue to Google and Facebook in recent years, with almost a third of all cash spent on online advertising in Australia currently going to one of the two. In April, the country’s federal government asked its Competition and Consumer Commission to develop a mandatory code of conduct that would address “power imbalances between Australian news media businesses and… Google and Facebook”. Speaking to reporters in Melbourne, Frydenberg said: “It’s about a fair go for Australian news media businesses. “It’s about ensuring that we have increased competition, increased consumer protection, and a sustainable media landscape. “Nothing less than the future of the Australian media landscape is at stake.” A law to enforce the new system will be brought in later… Read full this story

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