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Meta reneges on paying Australian news publishers

While NZ legislators ponder a bill to make tech companies pay Kiwi news publishers, Meta is backing out of a deal in Australia.

Meta says news makes up only 3% of content on Facebook.

Major Australian news publishers which have shared A$70 million ($74m) in annual contracts from Facebook owner Meta could lose that funding after an announcement from the technology giant that it will no longer pay for news content.

The move, which follows similar action in Europe, will also involve

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Lachlan Colquhoun Mon, 04 Mar 2024
Contact the Writer: lachlan@nbr.co.nz
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Meta reneges on paying Australian news publishers
Australia,
103020
true