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Reuters

Meta to stop paying for news content in Australia

Reuters ·
Reuters
Reuters

Meta Platforms, the parent company of Facebook, has announced its decision to cease payments to Australian news publishers for their content featured on Facebook. This decision marks a shift in the company's approach towards compensating news organizations for their contributions to the platform. The move sets the stage for a renewed confrontation with the Australian government, which has been at the forefront of implementing legislation that mandates large internet corporations to negotiate licensing agreements with news outlets. The law in question compels tech giants to enter into financial arrangements with media companies for the news content disseminated through their platforms. Meta's recent announcement indicates a strategic departure from complying with these regulations, potentially igniting a dispute with policymakers in Canberra who have advocated for this model to ensure fair compensation for the media industry.