[Ed. – This started out with the headline everywhere being “Facebook cancels Australia!” Facebook tried excluding Australian news from its pages for a short time, in protest against a new Australian requirement that social media pay news sites when they run the news sites’ content. Now Facebook has agreed to pay the content providers. This is actually a really interesting case. Not saying it’s right, wrong, or something other nations should do. Just saying it’s interesting.]
Facebook said Tuesday it will lift a contentious ban on Australian news and pay local media companies for content, after a last-gasp deal on pending landmark legislation.
Australia’s Treasurer Josh Frydenberg announced a face-saving compromise that will see Google and Facebook plunge tens of millions of dollars into the struggling local news sector.
In return the US digital firms will, for now, avoid being subjected to mandatory payments that could cost them vastly more and create what they see as an alarming global precedent.
Just hours after the compromise was unveiled, Facebook announced its first proposed deal with an Australian media company, Seven West, and was said to be pursuing commercial deals with other local news organisations.