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Australia May Be First To Force Google & Facebook To Pay For News

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deadline.com
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Jill Goldsmith Co-Business EditorThe Australian Government Friday unveiled a draft of the new mandatory code of conduct that would force tech giants Google and Facebook pay for news on their platforms.The document developed by the Australian Competition & Consumer Commission will be open for public review through August 28 and go before Parliament for a vote shortly after.

It has global implications for embattled publishers fighting for digital ad revenue.The news came as tech giant late Thursday solid quarterly earnings that showed their massive reach, revenue and deep pockets.

The day before, Google and Facebook CEOs Mark Zuckerberg and Sundar Pichai were grilled by Rep. Jerry Nadler (D-NY) about kneecapping the news business during a.

Read more on deadline.com
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