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News Corp reaches three-year agreement with Facebook in Australia

News Corp said on Monday it had reached a three-year agreement to provide Facebook Inc users access to news in Australia.

Mark Zuckerberg

Mark Zuckerberg, chief executive officer and founder of Facebook Inc., pauses while speaking during a House Financial Services Committee hearing in Washington. (Bloomberg)

Reuters

(Reuters) - News Corp said on Monday it had reached a three-year agreement to provide Facebook Inc users access to news in Australia.

Last month, Australia's parliament passed a law that requires Alphabet Inc's Google and Facebook Inc to pay media companies for content on their platforms, after robust negotiations in which Facebook blocked all news content in the 13th-largest economy.

The agreement announced on Monday involves News Corp's The Australian national newspaper, and metropolitan papers such as The Daily Telegraph in New South Wales. Sky News Australia has also reached a new agreement with Facebook, News Corp said.

The three-year deal follows an agreement reached in October, 2019 in which News Corp publications in the United States receive payments in exchange for access to additional stories it would provide for Facebook News.

 

 

(Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli)

(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.)

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First Published: Mar 16 2021 | 6:38 AM IST

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