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Australia to force Facebook, Google to pay media companies for content

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SYDNEY (REUTERS) - Australia will force Facebook and Google to pay local media outlets for news content used, Treasurer Josh Frydenberg said on Friday (July 31).. Read more at straitstimes.com.

SYDNEY - Australia will force Facebook and Google to pay local media outlets for news content used, Treasurer Josh Frydenberg said on Friday .

Frydenberg said the mandatory code of conduct, which will be legislated into law this year, is needed to ensure the viability of local media companies. "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," Frydenberg told reporters in Melbourne.

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