BS READS: How Australia's news bargaining code can address media's revenue woes

A new law in Australia that mandates Facebook and Google to pay news publishers might inspire similar legislation in other countries. To what degree will it solve news industry's revenue problem?

Last week, the Australian government passed a law that made it compulsory for Big Tech firms like Facebook and Google to pay news organisations for using links to their work, setting a strong precedent in a long tug-of-war for revenue between the two camps.
 
Google is the de-facto gateway to the internet, and social media (Facebook, et al) is where people come to consume and share. News media has long argued that Google and Facebook have profiteered from news but have passed on little in terms of monetary gains. The Australian new legislation is meant to fix the discrepancy.