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Meta's withdrawal from Australian news agreements challenges the News Media Bargaining Code and signals a long-term regulatory
David Kennedy · Venture InsightsPeriod: Q1 20244 min read
Last updated
Estimated annual payments to Australian news media businesses under current deals
Number of deals Meta had completed with AU news organisations by October 2022
This report analyses Meta's decision to cease renewing compensation agreements with Australian news providers, a move that threatens an estimated $200 million in annual revenue for the local media sector. The brief explores the likelihood of Meta blocking news content entirely, as seen in Canada, and frames this conflict as the opening salvo in a wider global struggle between Western governments and platform 'robber barons' over competition, privacy, and disinformation regulation.
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