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Google and Facebook to be forced to share revenue with media in Australia under ACCC’s draft code – The Guardian

Consumer watchdog unveils plan drawn up after talks stalled between tech giants and news companies

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Google, Facebook and other digital platforms would be forced to negotiate to share data and revenue with media companies in Australia under a draft code developed by the competition regulator and released on Friday.
The Australian Competition and Consumer Commission was asked to develop the mandatory code in April by the treasurer, Josh Frydenberg, after negotiations between the digital platforms, the ACCC and media companies stalled, and media companies experienced a sharp fall in ad revenue d…

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