Australia finalises plans to make Facebook Inc and Google pay its media outlets for news content

In a world-first move aiming at protecting independent journalism that has been strongly opposed by the internet giants, Australia has finalised plans on December 8 to make Facebook Inc and Google pay its media outlets for news content.

Treasurer Josh Frydenberg said, “This is a huge reform, this is a world first, and the world is watching what happens here in Australia. Our legislation will help ensure that the rules of the digital world mirror the rules of the physical world … and ultimately sustain our media landscape.”

Frydenberg further said that the Big Tech firms must negotiate with local publishers and broadcasters how much they pay for content that appears on their platforms, if they could not strike a deal, the government-appointed arbitrator will help them decide.

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