Google sees deal within reach on world-first law to pay for news

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SYDNEY (BLOOMBERG) - Google said it's within reach of negotiating a compromise on legislation that would force it to pay for Australian news, as the US giant continues a public campaign to get the proposed law watered down.. Read more at straitstimes.com.

SYDNEY - Google said it's within reach of negotiating a compromise on legislation that would force it to pay for Australian news, as the US giant continues a public campaign to get the proposed law watered down.

Google argues the proposed law doesn't reflect the value that the platforms themselves provide by redirecting readers to news websites. The US company, owned by Alphabet Inc, said on Tuesday that discussions with Australian authorities to get certain elements of the draft code changed in its favour look set to succeed.

FACEBOOK THREAT The proposed legislation has made Australia a test case as watchdogs worldwide attempt to rein in the vast advertising power of the digital giants. Google's push for a negotiated compromise contrasts with the response from Facebook, which has threatened to block Australians from sharing any news on its sites if the law is passed, an unprecedented step.

 

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