Facebook’s Deals With Nine And News Corp Could Be Finalised This Week
Facebook could soon be paying both Nine and News Corp for news content, with reports deals to be made under the News Media Bargaining code are close to being finalised.
The AFR is reporting that the deal with Nine could be signed as early as this week, while News Corp is set to come on board in the coming weeks.
It has previously been reported that there were concerns the deals would be abandoned altogether, after conversations stalled in recent weeks.
There was great controversy last month, when Facebook sensationally withdrew all news content from the platform in Australia in protest to the proposed legislation.
However, the tech giant quickly backflipped on the move after the government made a number of amendments to the legislation, including changes to the mediation period.
Seven West Media agreed to a deal with Facebook in the days after the government passed the News Media Bargaining Code legislation, while smaller publishers such as Solstice Media, Private Media and Schwartz Media have also signed on.
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