The move follows a report last year that found the companies wield too much influence over Australia’s news and advertising markets and deprive consumers of control over their personal information.
April 22, 2020 at 11:03 AM
1 minute read
Correspondent, Sydney
Facebook and Google will be forced to pay media companies in Australia for news content they use as the COVID-19 crisis causes a collapse in advertising revenue.
Federal Treasurer Josh Frydenberg has asked the antitrust regulator to develop a mandatory code of conduct to force the digital media giants to share advertising revenue and correct what the regulator says is an imbalance in bargaining power.
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