Facebook won't pay Australian media firms for using news on its platform

Facebook says it would not affect its revenue if news were not available on its service

Facebook has rejected a call from the Australian government to pay media companies for using their content, saying there is no significant commercial benefit from having news on its platform.

The government had ordered the Australian Competition and Consumer Commission (ACCC) to develop a mandatory code of conduct for Facebook and Google that will force the tech giants to pay media companies for using their content.

In response to a concepts paper released by the competition watchdog, Facebook said it would not affect its revenue if news were not available on its service, The Sydney Morning Herald reported on Monday.