Australia media bill to become law 'fairly soon' despite Google, Facebook objections, minister says

cnbc2021-02-09

KEY POINTS Analysts say the law in Australia could set the precedence for regulators in other countries in dealing with Big Tech. Introduced in Parliament in December, the news media bargaining code ...

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Comments

ALi_BaBa
2021-02-14
ALi_BaBa
Hi
Research
2021-02-10
Research
Not good
NGJA0003
2021-02-10
NGJA0003
Ok, like pls
Jerrylsh
2021-02-09
Jerrylsh
Wow
JWZ137
2021-02-09
JWZ137
Hold
Jon777
2021-02-09
Jon777
Give me your thoughts if this is good to bad???

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Referred to as the “news media bargaining code,” it would require digital platforms to pay local media outlets and publishers to link their content in news feeds or search results. If both sides are unable to reach a commercial deal, government-appointed arbitrators can decide on the price.\nBoth Google and Facebook have threatened to limit their services in Australia if the law is passed.\nGoogle said it could pull its search engine from the country, where it holds a staggering 94.5% market share. For its part, Facebook has threatened to stop allowing Australians to share local and international news on the social network and on Instagram if the law is passed.\nAustralia doesn’t want to see Google leave\nFletcher was part of an Australian delegation that held a conversation with Google CEO Sundar Pichaito discuss the contentious bill and its implications. Prime Minister Scott Morrison and Treasurer Josh Frydenberg were also at that meeting.\nHe explained that while it was made clear to Google that the Australian governmentdoes not want to see the search engine or Facebook leave the market, they are still expected to comply with the law of the land.\n“We have seen from time to time over the last few years, big tech companies — typically U.S. tech companies — make threats about leaving Australia if they weren’t happy with our regulatory settings,” he said, drawing comparisons with Amazon a few years back.\nThe e-commerce giant temporarily barred Australians from access to products from its main website in 2018 to comply with changes in local tax laws,but later walked back on that decision,according to media reports.\nDo ‘satisfactory commercial agreements’\nThe media bargaining code is undergoing a senate enquiry at the moment.\nGoogle argues that the current version of the proposed legislation does not work for its products and services in Australia, but says it’s willing to pay publishers for value.\nAustralia’s competition watchdog said in September that for every 100 Australian dollars ($77.26) spent by advertisers online in 2019, Google took A$53, Facebook got A$28 and just A$19 went to other websites and advertising tech.\nFletcher said there are concerns Google has a near-monopoly status in the search market, and that the government’s main reason for the law is that it wants Google and Facebook to do “satisfactory commercial agreements” with Australian news media businesses.\n“When you have that extraordinary degree of market power, then perhaps you don’t feel under the same ordinary commercial pressure to do deals with other market participants,” Fletcher said. “That’s why we’re coming in with this backstop of this legislative process where if a commercial deal is not done, then there is the power for this compulsory arbitration process to occur.”\nAnalysts say the law in Australia could set the precedence for regulators in other countries in dealing with Big Tech.\nImpact on small publishers\nSmaller publishers in Australia, many of them reliant on search and social media to drive website traffic, have also argued that Google’s threats to abandon the local market could have an outsized impact on them and “severely diminish media diversity” in the country.\nIf Google decides to withdraw its product from Australia, it could allow other search engines, including DuckDuckGo and Microsoft’s Bing, to expand their market share. That’s the argument from both the government andthe competition watch dog.\n“We’d expect that the market would respond and other providers of search services would come into the market, and of course, very quickly, we’d expect their search offerings to adapt to the greater demand,” Fletcher said.\nThe communications minister also said he’s been using the DuckDuckGo search engine on mobile for about six months. “I found it to be perfectly fine,” he said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":382013702,"gmtCreate":1613300101506,"gmtModify":1704879815539,"author":{"id":"3564105303063302","authorId":"3564105303063302","name":"ALi_BaBa","avatar":"https://static.tigerbbs.com/d89722c800111c9c885624fce940701f","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3564105303063302","idStr":"3564105303063302"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382013702","repostId":1103523283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381911087,"gmtCreate":1612920527049,"gmtModify":1704876014610,"author":{"id":"3573639884022892","authorId":"3573639884022892","name":"Research","avatar":"https://static.tigerbbs.com/c3762b600ab6047da06e2a2d3ad7b092","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3573639884022892","idStr":"3573639884022892"},"htmlText":"Not good","listText":"Not good","text":"Not good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381911087","repostId":1103523283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383774942,"gmtCreate":1612905333886,"gmtModify":1704875832593,"author":{"id":"3575264151875594","authorId":"3575264151875594","name":"NGJA0003","avatar":"https://static.tigerbbs.com/26c301944ad37211b74fb2f143dbaa45","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575264151875594","idStr":"3575264151875594"},"htmlText":"Ok, like pls","listText":"Ok, like pls","text":"Ok, like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383774942","repostId":1103523283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383298186,"gmtCreate":1612879920345,"gmtModify":1704875321349,"author":{"id":"3570415893465696","authorId":"3570415893465696","name":"Jerrylsh","avatar":"https://static.tigerbbs.com/7f9695325b124aeb187e181c8c0ccfe6","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3570415893465696","idStr":"3570415893465696"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383298186","repostId":1103523283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383845677,"gmtCreate":1612868248999,"gmtModify":1704875152406,"author":{"id":"3575067142498671","authorId":"3575067142498671","name":"JWZ137","avatar":"https://static.tigerbbs.com/842968796125e5a418b21a3b4ab603ef","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3575067142498671","idStr":"3575067142498671"},"htmlText":"Hold","listText":"Hold","text":"Hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383845677","repostId":1103523283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":383802139,"gmtCreate":1612861541421,"gmtModify":1704875046735,"author":{"id":"3560139863772426","authorId":"3560139863772426","name":"Jon777","avatar":"https://static.tigerbbs.com/dfb83fe0ad88b21f2f1625bb19368212","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3560139863772426","idStr":"3560139863772426"},"htmlText":"Give me your thoughts if this is good to bad???","listText":"Give me your thoughts if this is good to bad???","text":"Give me your thoughts if this is good to bad???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383802139","repostId":1103523283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":26,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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