Albo’s Bold Move: Meta’s $200M Standoff with Australian Publishers Takes a Surprising Turn
In a surprising twist, the Albanese government intervenes, forcing Meta to pay publishers for journalism under the News Media Bargaining Code
Meta, Albanese Government, Australia, News Media Bargaining Code, Publishers
Canberra: So, here’s the scoop. Meta’s in hot water after the Albanese government stepped in. They’re making Meta keep paying publishers for journalism. This comes after a long standoff where Meta was like, “Nah, we’re not renewing those deals,” which were worth a whopping $200 million.
Meta had claimed that only 3% of what people see on their feeds is news. But, of course, publishers weren’t buying that. They’ve been pushing back, saying that number just doesn’t add up. It’s a pretty big deal, and it shows how serious the government is about supporting local journalism.
Stay tuned for more updates on this unfolding story!