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June 1st, 2021 By David Knox Make a commentFiled under: News,
Nine has confirmed it has finalised deals with Google and Facebook as a result of the Federal legislation passed last year following the Media Platforms review by the ACCC.
The deal with Google is a fixed annual fee for 5 years and includes the supply of news content (excluding video) for Google’s News Showcase and other news products. The Facebook deal is a minimum amount over terms of 3 years.
Specific worth of the deals has not been disclosed but Nine told the ASX it expects net impact on earnings for the publishing division’s EBITDA in FY22 (over FY21) in the range of $30m to $40m.