Google & Facebook ‘very close’ to striking deals with news orgs, Aussie treasurer says as media reform bill moves on

There has been

There has been “great progress” in talks between US tech giants and Australia over legislation which would tip the balance of power in favor of news organizations. Google earlier threatened to stop its services over the bill.

Australia’s News Media Bargaining Code, which first emerged in 2019, became the focus of a rather loud public feud between Canberra and the two digital advertising behemoths in recent weeks. The new regulations would significantly change how the Australian media and companies like Google and Facebook, which use news content in their products, interact. It could also set an example for other nations unhappy with the excessive influence of American Big Tech.

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