SYDNEY (Reuters) - Facebook Inc will provide money for an "innovation fund" for 170 regional Australian newspapers as part of a planned licensing deal, the parties said on Friday, calling the move a show of co-operation between the social media giant and local publishers.
The move brings a grassroots element to a string of deals announced by Facebook in Australia since the country legislated to make it and Alphabet Inc's Google negotiate content payments to media outlets or risk government arbitration.
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