Facebook Reaches Deal with Australia’s News Corp Facebook Reaches Deal with Australia’s News Corp
Facebook reached an agreement with Australian News Corp under a new bill that makes social media companies pay local news outlets for their content.
The deal comes nearly a month after the Australian parliament approved a law that would allow a government judge to determine the price a digital company should pay news outlets if the two sides failed to reach an agreement.
News Corp Chief Executive Robert Thompson said the agreement “is a milestone in changing the terms of trade for the press, and will have a material and meaningful impact on our Australian news business.”