3 years ago
Facebook, a leading technology company, has said it has resolved a dispute with Australian news outlets.
Controversy erupted after government, under pressure from Australian media, introduced a law to pay for the publication of Australian media content on Facebook and Google.
Facebook has threatened not to pay for media news and other content if it is published on Facebook, and to block media content from appearing on Facebook.
Dispute was resolved after Australian government agreed to amend the law in a way that would be acceptable to both the media and Facebook.
Australian Finance Minister Joe Friedenberg and Facebook have agreed on some important issues.
Will Aston, managing director of Facebook Australia, said Facebook was keen to invest more in the field of popular journalism, adding that access to news on Facebook would be increased for Australians in coming days.
Facebook's ban on news from Australian media had a negative impact on Australian public.
Australian Prime Minister Scott Morrison has lashed out at Facebook's move. Law passed by Australian Parliament this week stipulates that Facebook and Google will not impose further penalties if they pay local media outlets.
Google and Facebook have also been given two months to mediate. Both technology companies objected to Australian government's decision, saying it was not appropriate.
According to a study, currently Australian advertisers spend 100 on advertising, Google gets49 and Facebook gets 24.
