General
After chat with Mark Zuckerberg from Facebook, Treasurer thinks deals under media code are ‘very close’
Media organisations such as News Corp, Nine Entertainment and the ABC are “very close” to a potential windfall from tech giants under major media reform, according to Treasurer Josh Frydenberg.
Key points:
- The Treasurer spoke to top executives Mark Zuckberg from Facebook and Sundar Pichai from Google over the weekend
- The conversations were about new laws that would force tech companies to negotiate with media companies over how much to pay them for news content
- Google is opposed to the proposal and has threatened to withdraw its search engine from Australia
But the move to force media companies and Facebook and Google to the negotiating table remains contentious, and Microsoft is seeking to exploit the opportunity.
Mr Frydenberg revealed he…
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