Big Tech and News Media Tensions Resurface as Meta Refuses to Renew Australian Content Deals
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Meta is refusing to renew deals with Australian media companies to pay for using their content, showing big tech's reluctance to fairly compensate journalism.
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The news media bargaining code forced platforms like Facebook and Google to negotiate deals, but those deals are now expiring.
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AI poses an even bigger threat, as search engines start using AI to generate articles rather than link out to journalist-written content.
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This could drastically reduce traffic and revenue for news publishers who rely on search engine clicks.
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Policy ideas like tax incentives for public interest journalism investment are on the table, but swifter, more nimble media policy is needed.