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Facebook has saved face, but now it’s also helping to save journalism – Sydney Morning Herald

The deals Google and Facebook have struck to pay for news in Australia are likely to be a model for the world.

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News media had given away content online for free because it saw no alternative; it ignored the long, slow drift away of readers as content wasnt compelling enough. Until the fake news fad arrived, it fundamentally did not understand the role its professional content could exploit in the social media mix to bring trust and fact.
Google and Facebook cant be blamed for medias many missteps. The companies unrelenting rise, however, would popularise the digital revolution. They created their wealth…

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