Facebook may be required to pay Australian news outlets for their contents that appear on the platform based on the new media policies in the land Down Under. In an effort to change this rule, the company’s CEO Mark Zuckerberg called on Australian lawmakers to talk about the matter.
The meeting between the Facebook chief and Australian lawmakers
As per Reuters, the Facebook chief “reached out to talk about the code and the impact on Facebook,” and a talk between Zuckerberg and Australian Treasurer Josh Frydenberg and communications minister Paul Fletcher followed.
The discussion took place last week, but the American social media failed to convince the Aussie government to change its media policy. This means that he was not able to persuade them to take down the rule that will make Facebook pay news outlets.
In his explanation, Zuckerberg said that Australia’s proposed “new media bargaining code” is not workable in its current form. He also requested a six-month grace period to give digital platforms time to negotiate good deals with news companies before the new mandatory rules take effect.
Frydenberg confirmed that they have spoken with Zuckerberg, and they had a constructive discussion; however, the talk was a failure on Facebook’s side. “No, Mark Zuckerberg didn’t convince me to back down if that’s what you’re asking,” the Australian treasurer said.
At any rate, the Facebook spokeswoman based in Australia shared that the executives are regularly meeting with government stakeholders. They have been discussing various subjects, and hopefully, a good arrangement will be made.
“We’re actively engaging with the Australian government with the goal of landing on a workable framework to support Australia’s news ecosystem,” she said.
What the proposed code is about
Both Facebook and Google oppose the new Australian policy called the “News Media Bargaining Code.” As mentioned before, this will require them to pay news outlets for content that will appear on their respective platforms.
In response, Google already threatened to withdraw its search engine from Australia, and Facebook stated that it would stop sharing news content from Australian sources if the proposed policy goes ahead. The Guardian reported that this code was created by Australia’s
Australian Competition and Consumer Commission.
Frydenberg shared that he is aware of the threats from Facebook and Google, but he is not intimidated by them. With this statement and Mark Zuckerberg’s failure to make the lawmakers change the policy, it seems that it is inevitable for FB and Google to pay if they would like to continue business in Australia.
“We’re told that if we go ahead with this, we’re going to break the internet,” Frydenberg said. “What I do know is that media businesses should be paid for content.”


Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study
BP Nears $10 Billion Castrol Stake Sale to Stonepeak
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 



