(FINANCIAL TIMES) - In trying to force a new economic settlement between the news industry and Big Tech, did the Australian government just save journalism - or break it?
Facebook and Google on Wednesday posted drastically different responses to a proposed new Australian law designed to channel some of their vast profits into the pockets of news publishers. These sent reverberations through the global news business and threw down a challenge to politicians around the world, some of whom view the Australian experiment as a model for how to reset the economics of online news inside their own borders.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you