CANBERRA: Australia should force Meta Platforms to pay news companies for content that appears on Facebook and impose broader regulation on social media firms, a senior News Corp. executive said.
Meta said in March it would stop paying Australian news publishers for content. The government is now considering whether to apply a 2021 law that would force it to do so.
“Meta must be designated under the Media Bargaining Code and challenged to negotiate in good faith,” News Corp. Australia executive chairman Michael Miller said in a speech in Canberra, using the jargon of the 2021 legislation.
“We had a deal — and they walked away. I believe they have an obligation to renew the agreements, and honor our laws,” he said.
“We can’t let ourselves be bullied.”
Asked for comment, Meta referred Reuters to a company blog post that said interest in news was declining on its platforms and cast those platforms as free distribution channels that media companies could use to expand their audiences.
Publishers argue that Facebook and other Internet giants profit unfairly from advertising revenue when links to news articles appear on their platforms.
Meta struck payment deals with Australian media firms in 2021, most of which lapse this year.
If the government tries to enforce the 2021 law, Meta could block users from reposting news articles as it did briefly in Australia in 2021 and has done since 2023 in Canada, which has similar laws and where academics have noted an increased spread of misinformation as a result.
Meta has been reducing its promotion of news and political content to drive traffic and has said it will discontinue a tab on Facebook promoting news in Australia.
In his speech, Miller also decried the impact of social media on mental health and its amplification of scams and social ills such as misogyny.
He proposed a regulatory framework for tech firms such as Meta, Tik Tok and X, formerly known as Twitter, that he said would protect Australians.
This would include making companies liable for all content on their platforms, competition laws for digital advertising, better handling of consumer complaints and donations to mental health programs.
Companies that do not abide by these rules should be barred from the Australian market, he said.
A spokesperson for Meta said: “The suggestion that Meta doesn’t respect Australian laws or community standards is preposterous.”
The company has restricted access to content in line with Australian laws, worked with law enforcement to prevent real world harm and trained thousands of young Australians in online safety, they said.
Australia should force Meta to pay for news, News Corp. executive says
https://arab.news/gnr9y
Australia should force Meta to pay for news, News Corp. executive says
- Meta said in March it would stop paying Australian news publishers for content
- Australian government now considering whether to apply a 2021 law that would force it to do so
Asharq Business with Bloomberg, Nasdaq to bring real-time US equities data to MENA
- Nasdaq to deliver exclusive real-time US equities market data
- Real-time updates fully integrated into Asharq Business’ data infrastructure and available across all platforms
RIYADH: Asharq Business with Bloomberg, the region’s leading business and financial news multi-platform channel, announced Tuesday a strategic three-year collaboration with Nasdaq, to deliver exclusive real-time US equities market data and updates to investors and decision-makers across the Middle East.
Through access to Nasdaq’s official data product, Nasdaq Last Sale (NLS), Asharq Business with Bloomberg will receive real-time last-sale trade updates and calculated insights across major US exchanges directly from the Nasdaq Market Center. The collaboration strengthens market transparency, enhances data-driven storytelling, and provides audiences and partners with deeper insight into global financial activity.
With a rapidly growing investor base in the region — and with Nasdaq serving as a primary destination for many Arab and regional investors — Asharq Business with Bloomberg reinforces its mission to deliver timely, accurate, and exclusive financial updates by integrating NLS data into its digital platforms, live markets coverage, and broader data ecosystem.
Leveraging its partnership with Bloomberg Media — which grants access to reporting from over 2,700 journalists and analysts worldwide — Asharq Business with Bloomberg continues to build on its reputation as the region’s most trusted and credible multi-platform business news source. The collaboration with Nasdaq underscores its commitment to providing reliable, data-backed content across social, digital, and streaming platforms, available for audiences anytime and anywhere.
Dr Nabeel Al Khatib, General Manager of Asharq News Network, commented: “It has been five years since the inception of Asharq Business with Bloomberg, and our audience has always been at the center of everything we do. We invest time and effort to understand what matters to them, ensuring we deliver data and stories that genuinely support informed decision-making. With growing regional interest in global markets, our collaboration with Nasdaq marks a strategic step toward offering a clearer, more comprehensive view of international financial activity. Through Nasdaq Last Sale, we aim to further empower our audience with transparent, real-time insights, strengthening their ability to navigate an increasingly interconnected global investment landscape.”
The Nasdaq leadership team added: “We are pleased to collaborate with Asharq Business with Bloomberg to broaden access to high-quality US market data in the Middle East. Through Nasdaq Last Sale, we aim to enhance transparency, support informed decision-making, and contribute to a more connected global investor community.”
