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Facebook strikes deal with Murdoch s News Corp in Australia | Business and Economy News

Facebook and News Corp reach pay deal for news in Australia

Facebook will pay News Corp to use its content in Australia

News Corp inks Australia Facebook deal, signalling truce after blackout

4 Min Read SYDNEY (Reuters) - Rupert Murdoch’s News Corp reached a content-supply deal with Facebook Inc in Australia, the companies said on Tuesday, a step toward settling a dispute that saw the social media giant briefly shut down thousands of pages in the country. The agreement, terms of which were not disclosed, makes News Corp the first major media outlet to strike a Facebook deal under controversial new laws that let an Australian government-appointed arbitrator set fees if companies fail to do so. Facebook’s shutting out all media content in the country for a week last month angered world leaders, as the blackout included emergency services and government health pages. It ended the shutdown when Australia agreed to soften some parts of the new regulations.

News Corp and Facebook Reach Deal in Australia After Temporary Media Content Blackout

News Corp and Facebook Reach Deal in Australia After Temporary Media Content Blackout Facebook shut out all media content in Australia for a week after the country mandated that tech companies must pay media outlets for the media links that drive viewers to their platforms. Facebook logo and Australian flag are displayed in this illustration taken, February 18, 2021. Photo: Reuters/Dado Ruvic/Illustration World16/Mar/2021 Sydney: Rupert Murdoch’s News Corp reached a content-supply deal with Facebook Inc in Australia, the companies said on Tuesday, a step toward settling a dispute that saw the social media giant briefly shut down thousands of pages in the country.

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