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Facebook says it will pay $1B over 3 years to news industry | News, Sports, Jobs

Associated Press Facebook, following in Google’s footsteps, says it plans to invest $1 billion to “support the news industry” over the next three years. The social networking giant, which has been tussling with Australia over a law that would make social platforms pay news organizations, said it has invested $600 million since 2018 in news. Google said in October that it would pay publishers $1 billion over the next three years. News companies want Google and Facebook to pay for the ne...
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Australia clears law to make Google, Facebook pay for news content

Australia clears law to make Google, Facebook pay for news content The Parliament on Thursday passed amendments to the so-called News Media Bargaining Code agreed between Treasurer Josh Frydenberg and Facebook chief executive Mark Zuckerberg on Tuesday Associated Press | February 25, 2021 | Updated 07:50 IST Australias laws forcing Google and Facebook to pay for news are ready to take effect, though the laws architect said it will take time for the digital giants to strike media deals. The Par...
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Australia passes law that will make Google, Facebook pay for news

Australias laws forcing Google and Facebook to pay for news are ready to take effect, though the laws architect said it will take time for the digital giants to strike media deals. The Parliament on Thursday passed amendments to the so-called News Media Bargaining Code agreed between Treasurer Josh Frydenberg and Facebook chief executive Mark Zuckerberg on Tuesday. In return for the changes, Facebook agreed to lift a ban on Australians accessing and sharing news. Rod Sims, the competition r...
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Australia's standoff with Facebook has lessons for Canada, publisher says

Australias standoff with Facebook has lessons for Canada, publisher says CBC/Radio-Canada © Lukas Coch/AAP/Reuters Australias Parliament on Thursday passed the final amendments to the so-called News Media Bargaining Code that forces Google and Facebook to pay for news. Last week, Canadian Heritage Minister Steven Guilbeault said Canada would introduce its own rules in the coming months. Canada should move quickly on legislation to make Facebook and Google pay for news co...
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Source: msn.com

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