Google and Facebook nearing deals to pay for news, says Australia
Australia’s government said Google and Facebook Inc. are
nearing agreements to pay domestic media companies for news, in a sign a
regulatory standoff may be softening.
Australian Treasurer Josh Frydenberg held talks with Facebook Chief
Executive Officer Mark Zuckerberg and Google counterpart
Sundar Pichai over the weekend. “We’re very close to some very significant
commercial deals,” Frydenberg told the Australian Broadcasting on Monday,
according to a transcript sent by his office. “We have made great progress.”
Alphabet Inc-owned Google and Facebook oppose
planned Australian legislation forcing them to pay media companies for news,
and Google has threatened to shut down its search engine if the law is enacted.
Parliament will consider the legislation from this week, giving the internet
giants an incentive to agree compensation terms for news companies before the
law is passed.
Facebook declined to comment on any specific talks. “We’ve been
engaging with the Australian government to outline our concerns with the
legislation,” the company said in a statement. A Google spokesman declined to
comment.
If Facebook and Google fail to strike the deals, Australia’s pay-for-news
law risks becoming a template for regulators in other jurisdictions including
Canada and the European Union that are following the quarrel.
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