FACEBOOK STRIKES DEAL TO RESTORE NEWS SHARING IN AUSTRALIA


24/02/2021




Selin ATAY-TDO- Facebook will now restore news pages in Australia days after restricting them, following an agreement with the Australian government. The move follows negotiations between the tech giant and the Australian government that is set to pass a new media law that will require digital platforms to pay for news.

In Australia, the recent crisis between Facebook and the Canberra administration ended with a deal between the parties.  An agreement has been reached with Facebook and Google to amend the legal regulation on the payment of technology giants to news sources for content they use, the joint written statement issued by Finance Minister Josh Frydenberg and Communications Minister, Paul Fletcher said.

Facebook has announced it will restore its Australian news pages, provided it changes a proposal for a law designed to force tech giants to pay for media content displayed on its platforms. After a series of talks over the weekend between Finance Minister Josh Frydenberg and Facebook CEO Mark Zuckerberg, a concession agreement was reached between the parties.

“After further discussions, we are satisfied that the Australian government has agreed to a number of changes and guarantees that address our core concerns about allowing commercial deals that recognize the value our platform provides to publishers relative to the value we receive from them.” the tech giant said.

"These changes will give digital platforms and media companies greater clarity about the way the law works and strengthen the framework to ensure media businesses are fairly charged," a written statement by Finance Minister Frydenberg said.

Facebook said they were pleased the Australian government had agreed to make some changes and had assured them concerns would be addressed.


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