CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home International

Australia’s competition chief claims victory after Facebook standoff

CEO Tab by CEO Tab
February 24, 2021
in International, Prime News
0
Undeterred by Facebook news blackout, Australia commits to content law
75
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

CANBERRA- The architect of Australian media reforms being watched around the world claimed victory on Wednesday, even as critics said concessions to the laws forcing Big Tech to pay for news content have given Facebook and Google a get-out clause.

You might also like

Finance Minister Announces ‘Response Desk’ to Address Private Sector Concerns

Banks Burdened by Rising Bad Loans as Unsold Collateral Tops Rs 46.8 Billion

Paddy Plantation Reaches 85.72% Across Nepal as Monsoon Boosts Cultivation

The Australian government made late changes to the laws after Facebook last week blocked news content in Australia, escalating a dispute over the proposed legislation and catching international attention.

The amended legislation is expected to pass the Senate this week, despite opposition from some minor opposition parties and independent politicians who argue it disadvantages smaller news companies.

Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), told Reuters the bargaining power imbalance he was tasked with correcting had been addressed.

“The changes the government’s done are things that either don’t matter much or are just to clarify things that, at least in Facebook’s mind, were unclear,” said Sims, who led the drafting of the legislation.

“Whatever they say, they need news. It keeps people on their platform longer – they make more money.”

With Australia’s reforms serving as a model for other nations to adopt, Facebook was also keen to claim a win.

Facebook Vice President of Global News Partnerships Campbell Brown stressed the company had retained the ability to decide if news appeared on its platform and could sidestep the forced negotiation for content payment under the original legislation.

In a key amendment to the legislation, Treasurer Josh Frydenberg was given the discretion to decide that either Facebook or Google need not be subject to the code, if they make a “significant contribution to the sustainability of the Australian news industry.”

The original legislation had required Facebook and Alphabet Inc’s Google to submit to arbitration if they could not reach a commercial deal with Australian news companies for their content, effectively allowing the government to set a price.

Facebook, which contends news accounts for just 4% of traffic on its site in Australia, said it would restore news on Australian pages in the coming days.

“This isn’t a must-carry regime,” said Sims. “We never said we’re forcing Facebook to keep showing news.”

(Source: International Agencies)

Tags: AustraliaFacebookstandoff
Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Finance Minister Announces ‘Response Desk’ to Address Private Sector Concerns

by CEO Tab
July 29, 2026
0
Finance Minister Announces ‘Response Desk’ to Address Private Sector Concerns

Finance Minister Dr. Swarnim Wagle has announced that the Ministry of Finance will establish a dedicated ‘Response Desk’ to promptly address the concerns of industrialists and business leaders,...

Read more

Banks Burdened by Rising Bad Loans as Unsold Collateral Tops Rs 46.8 Billion

by CEO Tab
July 29, 2026
0
Banks Burdened by Rising Bad Loans as Unsold Collateral Tops Rs 46.8 Billion

Nepal's commercial banks are facing mounting pressure from rising bad loans as borrowers struggle to repay debt and auctioned collateral remains unsold amid a prolonged economic slowdown. According...

Read more

Paddy Plantation Reaches 85.72% Across Nepal as Monsoon Boosts Cultivation

by CEO Tab
July 29, 2026
0
Paddy Plantation Reaches 85.72% Across Nepal as Monsoon Boosts Cultivation

Paddy plantation across Nepal has reached 85.72 percent of the targeted cultivation area following the full activation of the monsoon, according to the Department of Agriculture (DoA). The...

Read more

Nepal Issues Survey Permits for 99 Hydropower Projects in FY 2025/26

by CEO Tab
July 29, 2026
0
Nepal Issues Survey Permits for 99 Hydropower Projects in FY 2025/26

The Department of Electricity Development (DoED) issued survey permits to 99 hydropower projects with a combined installed capacity of 3,211 MW during fiscal year (FY) 2025/26, reflecting continued...

Read more

Nepal Meets Peak Electricity Demand Without Imports, Continues Power Exports

by CEO Tab
July 27, 2026
0
Nepal Meets Peak Electricity Demand Without Imports, Continues Power Exports

Nepal's total electricity demand has reached 73,629 megawatt-hours (MWh), with the country currently meeting domestic requirements without importing power from India, according to the Nepal Electricity Authority (NEA)....

Read more
Next Post
Smuggled goods seized

Gold price goes down by Rs 500

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.