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3️⃣ *Australia will force Meta and Google to pay for news shared on their platforms under a new scheme*, threatening to tax them if they refuse to strike deals with local media.
*Traditional media companies the world over are battling for survival* as precious advertising dollars are hoovered up online. *Australia wants big tech companies to compensate local publishers* for sharing articles that drive traffic on their platforms.
_*"The rapid growth of digital platforms in recent years has disrupted Australia's media landscape,* and it is threatening the viability of public interest journalism,"_ Communications Minister Michelle Rowland told reporters.
_*"It is important that digital platforms play their part.* They need to support access to quality journalism that informs and strengthens our democracy."_
Social media *platforms with Australian revenue of more than US$160 million a year will be taxed* a still-to-be-decided figure earmarked to pay for news.
*Traditional media companies the world over are battling for survival* as precious advertising dollars are hoovered up online. *Australia wants big tech companies to compensate local publishers* for sharing articles that drive traffic on their platforms.
_*"The rapid growth of digital platforms in recent years has disrupted Australia's media landscape,* and it is threatening the viability of public interest journalism,"_ Communications Minister Michelle Rowland told reporters.
_*"It is important that digital platforms play their part.* They need to support access to quality journalism that informs and strengthens our democracy."_
Social media *platforms with Australian revenue of more than US$160 million a year will be taxed* a still-to-be-decided figure earmarked to pay for news.
3️⃣ *Australia will force Meta and Google to pay for news shared on their platforms under a new scheme*, threatening to tax them if they refuse to strike deals with local media.
🇦🇺 *Traditional media companies the world over are battling for survival* as precious advertising dollars are hoovered up online. *Australia wants big tech companies to compensate local publishers* for sharing articles that drive traffic on their platforms.
_*"The rapid growth of digital platforms in recent years has disrupted Australia's media landscape,* and it is threatening the viability of public interest journalism,"_ Communications Minister Michelle Rowland told reporters.
_*"It is important that digital platforms play their part.* They need to support access to quality journalism that informs and strengthens our democracy."_
Social media *platforms with Australian revenue of more than US$160 million a year will be taxed* a still-to-be-decided figure earmarked to pay for news.
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