No more free rides: Australia orders Facebook, Google to share advertising revenue from news articles with media organisations

Australia’s government has ordered Facebook and Alphabet’s Google to share revenue generated from news articles, adding to growing global regulatory and political pushback against the digital giants.The two companies will have to negotiate with traditional media on remuneration in good faith, Treasurer Josh Frydenberg said Friday.If no agreement is reached, there will be a binding arbitration process and penalties for breaching the code of up to A$10 million (US$7 million) or 10 per cent of…

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