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Facebook wraps up deals with Aussie media firms, drops TV broadcaster SBS

The U.S. social media giant has inked deals with a range of Australian big media companies including News Corp (NWSA.O) to the Australian Broadcasting Corp

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(Photo: Reuters)

Reuters Sydney
Facebook Inc (FB.O) has told Australian publishers it has stopped negotiating licencing deals, an email to the industry seen by Reuters showed, a move which came just six months after the passing of a law designed to make tech giants pay for news content.

While Facebook has announced deals with most of the country's largest news outlets, some media companies including TV broadcaster SBS have been left out in the cold, raising questions about the scope and effectiveness of the law.

The Special Broadcasting Service, or SBS, one of Australia's five national free-to-air broadcasters and the country's main source of

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)