Australian newsrooms face a $70 million-a-year hole in operations if Meta walks away from news bargaining code deals that start to expire in three months.
The news media giant’s shares hit records on Thursday on strong earnings. Its chief executive, Robert Thomson, suggested “courtship” of OpenAI was working.
Nine executives have privately discussed options for Domain, which has not grown at the same pace as rival REA Group. KKR and TPG were sounded out last year.