Facebook will be loser if it bans news: Sims

Original article by Max Mason
The Australian Financial Review – Page: 17 & 22 : 18-Sep-20

Facebook and Google would be forced to pay for news content that is posted on their platforms under the mandatory code of conduct proposed by the Australian Competition & Consumer Commission. Facebook has threatened to ban all news on its platform in response to the code, but ACCC chairman Rod Sims contends that such action could weaken the social media company. Sims has also rejected claims made in public campaigns by Facebook and Google that the proposed code will give news publishers access to their algorithms.

CORPORATES
FACEBOOK AUSTRALIA PTY LTD, GOOGLE AUSTRALIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

PM tells Google and Facebook: You’re bluffing

Original article by Andrew Tillett
The Australian Financial Review – Page: 11 : 8-Sep-20

Prime Minister Scott Morrison has told Facebook and Google that he does not give into coercion. The two technology companies are unhappy about federal government plans to make them pay news publishers for their content; Facebook has threatened to pull Australian and international content from its Facebook and Instagram platforms in response to the code, while Google has stated it will have to cull news content from search results. Morrison said he is happy to call their bluff on the issue.

CORPORATES
GOOGLE INCORPORATED, FACEBOOK INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Google may walk over media code

Original article by John Durie
The Australian – Page: 15 & 24 : 20-Aug-20

Google’s revenue in Australia totalled $4.3bn in 2020, while its net profit fell from $129.5m to just $33.9m. Although the digital giant has not publicly threatened to withdraw its search engine from the Australian market in response to the mandatory code of conduct, such a move is clearly being contemplated. Any move by Google to pull out of the local market could test the resolve of other nations to crack down on digital companies. It would also be very risky from a commercial point of view, as it would give Google’s search engine rivals a big boost in a market which it dominates.

CORPORATES
GOOGLE INCORPORATED

News Corp spurns Google news deal

Original article by Natasha Gillezeau, Max Mason
The Australian Financial Review – Page: 2 : 27-Jun-20

Google has struck deals with a number of Australian news publishers to pay for content, while it is talks with a number of others, including Australian Community Media. Google Australia MD Mel Silva says it will have to "wait and see" whether its new product offering will be impacted by the code of conduct that the Australian Competition & Consumer Commission is putting together to govern how technology companies deal with news publishers. News Corp Australasia executive chairman Michael Miller has accused Google of not being genuine, and of trying to take advantage of certain publishers when they are at their most vulnerable.

CORPORATES
GOOGLE AUSTRALIA PTY LTD, AUSTRALIAN COMMUNITY MEDIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Google finally agrees to pay for news content – but not with everyone

Original article by David Swan
The Australian – Page: 15 : 26-Jun-20

Digital giant Google has reached agreement with several media companies in Australia regarding a deal to licence their news content. The deal covers smaller news publishers such as Solstice Media, Schwartz Media and The Conversation. Google is also said to be in talks with larger news publishers such as News Corp Australia, Nine Entertainment Company and Australian Community Media. News Corp Australasia executive chairman Michael Miller says the deal shows that Google is willing to negotiate directly with small publishers. Google will also pay for news content from several media companies in Germany and Brazil.

CORPORATES
GOOGLE INCORPORATED

News key for tech titans: so pay up

Original article by Leo Shanahan, David Swan
The Australian – Page: 2 : 20-May-20

The Australian Competition & Consumer Commission has released a ‘concepts paper’ on the proposed mandatory revenue-sharing code of conduct for digital companies. ACCC chairman Rod Sims says the revenue from placing advertisements adjacent to news stories is clearly a direct benefit for Google and Facebook. However, he adds that the indirect value of having news on their platform is a much bigger benefit for them. Sims says a number of payment models could be considered, noting that implementing a per-click model could be difficult.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, GOOGLE INCORPORATED, FACEBOOK INCORPORATED

Google’s gross revenue dwarfs tax bill again

Original article by Michael Bailey
The Australian Financial Review – Page: 20 : 15-May-20

Google Australia had gross revenue of $4.8 billion in 2019, of which around $4.3 billion came from advertisers, according to accounts lodged with the corporate regulator on 14 May. However, the top line in its accounts shows revenue of just $1.2 billion; Google Australia says it sees itself as just as an agent that sells advertising product created by its US parent, only booking the commission it earns on each sale as revenue. Accordingly, its gross profit only amounted to $823 million, while its tax bill came in at just $100 million.

CORPORATES
GOOGLE AUSTRALIA PTY LTD

News says $600m from tech giants not enough

Original article by Max Mason
The Australian Financial Review – Page: 20 : 15-May-20

News Corp Australasia executive chairman Michael Miller agrees with Nine Entertainment chairman Peter Costello that Facebook and Google must pay for news content. However, Miller says the amount they should pay is probably much higher than the $600m a year that Costello has suggested; he notes that former senator Nick Xenophon has proposed that digital platforms pay $1bn a year. Miller adds that getting the digital platforms’ mandatory revenue-sharing code of conduct right is the first thing to do.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Nine wants tech giants to pay $600m to media

Original article by Max Mason, John Kehoe
The Australian Financial Review – Page: 13 & 18 : 14-May-20

The Australian Competition & Consumer Commission’s digital platforms inquiry concluded that Facebook and Google accounted for about $6bn of online advertising revenue in Australia in 2018. Nine Entertainment chairman Peter Costello says that based on this figure, Facebook and Google derive about 10 per cent of their annual revenue from news content. As a result, he believes that they should pay about $600m a year into a fund for Australian news publishers. Costello adds that other countries may adopt Australia’s policy of a mandatory revenue-sharing code of conduct if it proves to be effective.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Google hit for defamatory search results

Original article by Tessa Akerman
The Australian – Page: 3 : 1-May-20

The Supreme Court of Victoria has directed Google to pay lawyer George Defteros $40,000 over search results linked to his name that he alleged were defamatory. Justice Melinda Richards stated that a 2016 link to an article in ‘The Age’ did carry defamatory imputations, but she noted that Defteros had taken some years to get in touch with the newspaper and ask for the article to be removed. Richards also noted that Defteros had referred to criminal Graham Kinninburgh as "a friend", and she suggested that this "reduced the sting of the defamatory imputation" that Defteros felt.

CORPORATES
GOOGLE INCORPORATED, SUPREME COURT OF VICTORIA