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Google and Facebook's deals with publishers: What we know so far


Google and Facebook s deals with publishers: What we know so far
The battle of big news versus big tech has only just begun, but already it might be over.
Facebook and Google have begun paying out to news groups in a bid to soften incoming regulation to curb their dominance of the digital advertising market – and they might just have done enough.
Timeline
February 25, 2021
Facebook’s shocking (if not surprising) week-long ban on quality news in Australia last month led to the world-first “news media bargaining code” being watered down somewhat before it gained Royal Assent this week.
Final amendments included the addition a two-month mediation period if both parties fail to reach a commercial agreement over three-months of bargaining, with binding arbitration – where an independent arbitrator chooses the fairest final offer of the two – now a “last resort”. ....

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