To the point:
- Facebook will end its contentious ban on Australian news, and
- Compensate local media companies for their content.
- Similar to Facebook, Google, the world’s largest internet services company, is expected to follow the media bargaining code.
Facebook said on Tuesday that it will restore news services in Australia after reaching a revised deal with the government on proposed media bargaining rules that will require technology companies to pay for hosting news material.
The landmark media bargaining laws, also known as “the code,” have yet to be passed by Australia’s Parliament.
Josh Frydenberg, Australia’s Treasurer, proposed a face-saving deal in which Google and Facebook could invest millions of dollars in the struggling local news industry.
Just like Facebook, Google is also expected to follow the media bargaining code.