‘I will seek to restart that commercial relationship’: News publishers welcome Albo’s push back on social media giants
A number of media industry heads have spoken out after the Albanese Government unveiled plans on Thursday to force social media giants to pay media publishers for news content or face financial penalties.
After Meta decided to stop paying Australian media publishers earlier this year, threatening to simply remove news from its platforms rather than pay for it, the government has now said platforms must come to the table or face fines.
The news has been widely praised by industry stakeholders, including News Corp Australasia executive chairman, Michael Miller.
“This will provide a foundation for rebuilding the media industry after the loss of an estimated 1,000 jobs this year, and ensuring Australian news media businesses will continue to deliver inquiring and professional journalism, which has never been more important to cohesive, democratic societies,” Miller said in a statement given to Mumbrella.
