Original article by Naaman Zhou, Amanda Meade
The Guardian Australia – Page: Online : 16-Jun-20
Social media company Facebook has rejected a proposal to share its advertising revenue with news publishers. The mandatory code of conduct being developed by the Australian Competition & Consumer Commission would govern the relationship between media companies and digital platforms such as Facebook and Google. Facebook claims that there would be no significant impact to its income if it stopped sharing news content, while it says the revenue-sharing proposal means it would be subsidising a competitor.
FACEBOOK INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GOOGLE INCORPORATED