Australia has been making new laws for tech companies like Google and Facebook to pay publishers for news. While the policy has not been finalized yet, it was said that the government will make few more changes in the draft before it could be passed.
Why there’s a need for revisions on the proposed media law
The amendment has something to do with how the publishers should be paid. As per ABC News, Australia wants Google, Facebook, and others to pay publishers in lump sums instead of per click on the news article.
The modified version is set to be presented to the Parliament on Wednesday, Feb. 17. According to federal treasurer Josh Frydenberg and communications minister Paul Fletcher, the main aim for the revision was to “improve the workability of the code while retaining its overall effect.”
Furthermore, the modifications were described by the officials as “clarifications and technical amendments.” This was made after the Australian ministers had a meeting with Facebook’s chief Mark Zuckerberg and Alphabet’s CEO Sundar Pichai last weekend.
In any case, the Australian government is hoping that the News Media Bargaining Code will be turned into a new bill before the current session of Parliament concludes on Feb. 25. The opposition labor party was also said to have agreed to support the bill to ensure that it will be passed through the senate.
Google partners with Seven West Media
Australian officials want Google, Facebook, and other tech companies to pay the local publishers for the news that was featured on the platforms. Both Zuckerberg and Pichai criticized the bill when it was first revealed, and they say it is not workable.
Google and Facebook even threaten to withdraw their services in the country if the officials push the new media law. However, the Australians remained firm, and Prime Minister Scott Morrison said that they couldn’t be threatened and suggested that they could tap Microsoft for its Bing search engine if Google really pulls out.
In a new development, as the talks between the executives continue, Google was able to strike a deal with Australia’s news network Seven West Media. The Guardian reported that both camps signed a multimillion-dollar deal under Google's News Showcase. Meanwhile, with the successful negotiation, Seven becomes the first major Australian media company to accept the terms of the American tech giant regarding the news payments.


Sinopec Posts 36.8% Net Profit Drop in 2025 Amid Weak Petrochemical Margins and Energy Transition Pressures
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed?
Virgin Australia Adjusts Fares Amid Rising Aviation Costs and Middle East Tensions
Volkswagen CEO Urges Germany to Adopt China's Industrial Discipline Amid Major Restructuring
SLMG Beverages Eyes Price Hikes Amid Rising Packaging Costs and India's Booming Soft Drink Market
NVIDIA's Feynman AI Chip May Face Redesign Amid TSMC Capacity Crunch
Xiaomi Shares Drop After SU7 Launch as Margin Concerns Weigh on Investors
Goldman Sachs Raises Oil Price Forecasts Amid Strait of Hormuz Disruptions
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation
Tesla FSD EU Approval Delayed to April 10 as RDW Completes Final Review
United Airlines Cuts Flights 5% Amid Soaring Fuel Costs From Iran War
Sonova Shares Slip as Hearing Aid Giant Lowers Growth Outlook and Plans Sennheiser Exit
FEMSA Cuts Jobs at Spin Fintech Unit, Refocuses Strategy on Oxxo Stores
Tesla Eyes $2.9 Billion in Chinese Solar Equipment to Power 100 GW U.S. Manufacturing Push
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul
Judge Dismisses Sam Altman Sexual Abuse Lawsuit, But Sister Can Refile 



