Australia’s competitors watchdog stated on Thursday it issued draft proposals to authorise regional newspaper business group, Country Press Australia, to barter with Google and Facebook for funds for information content material on their platforms.
Country Press Australia (CPA) is searching for authorisation to permit its members to hammer out a funds deal with Google and Facebook to be used of reports content material on the tech platforms, the Australian Competition and Consumer Commission (ACCC) stated.
CPA represents 81 information publishers that publish about 160 regional newspapers throughout the nation.
“Allowing the publishers of 160 newspapers to collectively negotiate with Google and Facebook ought to assist deal with a few of the appreciable bargaining energy imbalance that exists between the digital giants and these native information retailers,” ACCC Chairman Rod Sims stated in an announcement.
The proposed authorisation, which might expire after 10 years, follows an interim authorisation granted by the ACCC to CPA in April to start the negotiations.
Earlier this yr, Australia handed a legislation that mandated the U.S. tech giants to pay media corporations for information content material on their platforms.