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Australia wants to force Facebook and Google to pay media companies for news

July 31, 2020. Summarized by summa-bot.

Australia is moving to impose sweeping new rules that would require Facebook and Google to pay media organizations for the use of their news content.

Hong Kong (CNN Business)Australia is moving to impose sweeping new rules that would require Facebook (FB) and Google (GOOGL) to pay media organizations for the use of their news content.

Facebook and Google have tussled with publishers for years over how they display their content, with media companies arguing the tech giants should pay them for the privilege.

But for years, publishers have said platforms like Google and Facebook take unfair advantage of the news media, giving them little in return.

Google, for example, said that it sends "billions of clicks to Australian news publishers for free every year worth 218 million Australian dollars (about $157 million). " Facebook also recently touted the 2. 3 billion clicks it said its News Feed delivered earlier this year "back to Australian news organizations — for free. "

Similarly, Facebook has said that "news does not drive significant long-term commercial value for our business. " The social network published a 58-page paper in June in response to the proposed legislation in Australia, which at the time was still being conceptualized.

And last month, Google said it would take the rare step of paying to display news content from certain media publishers in Germany, Australia and Brazil through new licensing deals.

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