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European Competition Law Newsletter – August 2021 | McGuireWoods LLP
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Rob Nicholls
Treasurer Josh Frydenberg. Source: AAP Image/Mick Tsikas.
After almost a year of heated discussion about the news media bargaining code, there will shortly be a new law of the land one that’s unlikely to be applied to the platforms it was intended to reign in. But that’s not to say it hasn’t done its job.
With some final tweaks expected to the draft legislation, Facebook on Tuesday announced it would restore news for Australian users and strike up commercial agreements with local publishers. It signed its first deal with Seven West Media yesterday.
Google has already done deals with News Corp, Nine Fairfax, Seven West Media,
After almost a year of heated discussion about the News Media Bargaining Code, there will shortly be a new law of the land – one that’s unlikely to be applied to the platforms it was intended to reign in. But that’s not to say it hasn’t done its job.
With some final tweaks expected to the draft legislation, Facebook on Tuesday announced it would restore news for Australian users and strike up commercial agreements with local publishers. It signed its first deal with Seven West media yesterday.
Google has already done deals with News Corp, Nine Fairfax, Seven West Media, The Guardian and regional news company ACM, turning back on its initial threat to pull Google Search from Australia.
Commentary: Facebook, Google and Australia win some and lose some over new media laws
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