Australia releases draft mandatory code to regulate how Facebook and Google pay for news

Here’s an interesting development. More government intervention and another ‘mandatory code’ to regulate private business transactions and negotiations.

So in response to this, what happens if the likes of Google and Facebook stop aggregating news or stop publishing news? How would that benefit the publishers?

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Australia is on track to become the first country in the world to order Google and Facebook to pay for news after a landmark code was unveiled this morning.