SYDNEY, Nov 22 — Australian mining billionaire Andrew Forrest’s philanthropic organisation will help 18 small news publishers in the country collectively negotiate with Google and Facebook to secure licensing deals for the supply of news content.
Forrest, Australia’s richest man, is the chairman and the largest shareholder of iron ore miner Fortescue Metals Group . He has a net worth of around A$27.2 billion , according to the Australian Financial Review. Both companies have since struck licensing deals with most of Australia’s main media companies but they have not entered into agreements with many small firms. The federal government is scheduled to begin a review of the law’s effectiveness in March.
The 18 small publishers include online publications that attract multicultural audiences and focus on issues at a local or regional level, McDonald said.
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