Facebook, Google to Be Forced to Pay for News in Australia
- Government says world-first code will address power imbalance
- Facebook says disappointed after working on voluntary accord
Photographer: Yuri_Arcurs/Digital Vision via Getty Images
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Google and Facebook Inc. will be forced to pay media companies in Australia for publishing their news under what the government says is a world-first mandatory code of conduct.
Treasurer Josh Frydenberg said Monday that negotiations between the tech giants and traditional media platforms had made limited progress toward reaching a voluntary arrangement and the competition watchdog would unveil a draft code by the end of July.