Australia plans to require Alphabet Inc.’s Google and Facebook Inc. to pay native media organizations for his or her content material, the most recent growth in a world debate over whether or not the tech giants are unfairly benefiting from information articles that seem on their platforms.
Particulars on how a lot the tech firms might want to pay are nonetheless being determined. Australian authorities officers mentioned Monday that the nation’s competitors regulator would decide how the funds can be calculated, which the federal government plans to move into legislation in parliament.
“It is a battle value preventing,” Australian Treasurer Josh Frydenberg mentioned. “We imagine that is essential for the longer term viability of our media sector.”
Publishers have lengthy sought compensation from Google and Fb, which gather advert income primarily based on visits to their websites and improve their site visitors by together with hyperlinks to information articles.