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Seven West's prospects have improved, slightly, but there won't be any dividends for shareholders until 2023 at the earliest.

Australia says Google, Facebook nearing deals to pay for news “We’re very close to some very significant commercial deals,” said Australian Treasurer Josh Frydenberg Australia’s government said Google and Facebook Inc. are nearing agreements to pay domestic media companies for news, in a sign a regulatory standoff may be softening.   Australian Treasurer Josh Frydenberg held talks with Facebook Chief Executive Officer Mark Zuckerberg and Google counterpart Sundar Pichai over the weekend. “We’re very close to some very significant commercial deals,” Frydenberg told the Australi...

Regulatory standoff may be softening with ‘very significant commercial deals’ expected shortly

Australia’s government said Google and Facebook Inc. are nearing agreements to pay domestic media companies for news, in a sign a regulatory standoff may be softening. Australian Treasurer Josh Frydenberg held talks with Facebook Chief Executive Officer Mark Zuckerberg and Google counterpart Sundar Pichai over the weekend. “We’re very close to some very significant commercial deals,” Frydenberg told the Australian Broadcasting on Monday, according to a transcript sent by his office. “We have made great progress.” Alphabet Inc-owned Google and Facebook oppose planned Australian ...

A new bill would force the search giant, along with Facebook, to pay news publishers for content in Australia. Other governments will likely follow suit.