News media code to be rubber stamped by Senate inquiry
A Senate committee will rubber stamp the government’s proposed news media bargaining code legislation in a report to be released on Friday, returning the issue to Treasurer Josh Frydenberg to consider making amendments to placate Facebook and Google which have threatened to pull out of Australia, reports AFR‘s Miranda Ward and John Kehoe.
The Senate committee grilled the digital giants alongside news publishers in two separate hearings, one at the end of January and one earlier this month, on how the code is expected to impact both the digital companies and news media businesses.
Designed to level the playing field between traditional news media publishers and digital companies, the proposed legislation presses Google and Facebook to strike deals with publishers that would ensure news creators are paid fairly by the digital platforms for the value of journalism on their services, in…
— to www.mediaweek.com.au