After Meta signals end to publisher payouts, Australia plots Big Tech news tax

Quick Summary:

A few years ago, Australia passed legislation requiring platform giants including Facebook-owner Meta and YouTube’s parent Google to negotiate with news publishers to pay for journalism reshares.

The News Media Bargaining Code forced Big Tech to cut deals with local news outlets.

The news tax would be offset against any payments voluntarily made to publishers — so the measure, which will undergo public consultation next year, is clearly intended to get Big Tech back around the media negotiating table.

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Article Details

Author / Journalist: Natasha Lomas

Category: Technology

Markets: United StatesAustralia

Topics: In Brief Social News media bargaining code amendment Australia news tax

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 11:58:31 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 163 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24375648

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