Facebook pays up
After weeks of headline-making/legislatively challenging negotiations, Facebook has struck content deals with Australia’s two largest media companies – News Corp and Nine Entertainment. News Corp has signed a multimillion-dollar deal that will see Facebook pay for its news articles posted to the platform, while Nine has signed a letter of intent with the tech giant. It follows months of negotiations that have pushed the tech giant to strike commercial deals with Australia’s large news outlets to avoid government-mandated deals under the new media bargaining code. Facebook has also inked a deal with Seven West Media, and negotiations are said to be ongoing with The Guardian and the ABC. The dust might be settling on this battle royale, but Facebook could be facing a whole new issue with more Aussies saying they’re bored… #SquizShortcuts
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