TLDR version: Meta’s announcement that it will not renew its compensation agreements with news providers is bad news for news & current affairs reporting in Australia. Beyond that, it is a direct challenge to the Australian Government’s attempts to rein in the market power of global platforms. If the Government fails to enforce its News Media Bargaining Code, then the stakes are raised for future regulation of matters like online mis- and disinformation and platform dominance of the advertising market.

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