Australian parliament passes news media bargaining code


FILE PHOTO: Google and Facebook logos, words "media, news, media" and Australian flag are displayed in this illustration taken, February 18, 2021. REUTERS/Dado Ruvic/Illustration

SYDNEY (Reuters) - The Australian parliament on Thursday passed a news media and digital platforms mandatory bargaining code that will make it compulsory for Alphabet Inc's Google and Facebook Inc to pay media companies for content.

The code will be reviewed within one year of its commencement, Treasurer Josh Frydenberg and Communications Minister Paul Fletcher said in a joint statement.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

HP, Dell, Acer and Asus mull using Chinese memory chips amid supply crunch, Nikkei Asia reports
Bulgaria probes beauty salon images found on porn sites
Google goes from laggard to leader as it pulls ahead of OpenAI with stellar AI growth
Italy foils Russian cyberattacks targeting Olympics
Sony lifts earnings targets after strong quarter, but PlayStation 5 sales slide
Qualcomm, Arm bear brunt of memory shortage as smartphone chip sales disappoint
Chinese AI firms defend safety practices, push back on Western criticism
Instagram recovers after brief outage disrupts US users
TSMC CEO flags 3-nanometre chip production in Japan, investment reported at $17 billion
Verizon Wireless sues T-Mobile, alleges false advertising

Others Also Read