Australia pushes for paid news on Meta and Google

Australia plans to amend its laws concerning media and technology to require major companies like Meta and Google to pay for news content. The amendments will increase the number of agreements that these corporations must establish with local media outlets and expand the scope to include a greater number of smaller, more diverse organizations. Additionally, 5% of the revenue from the targeted companies will be allocated to the Australian News Agency to support media organizations that play a crucial role in promoting public interest journalism. The government will also set a cap of 25% on each company's commitment. This initiative is part of its efforts to ensure a continued flow of funds to local media outlets after some of the major corporations withdrew from paying for content in Australia.

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