News: Australia to force Facebook, Google to pay media companies for content

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    SYDNEY, July 31 (Reuters) - Australia will force Facebook Inc FB.O and Alphabet Inc’s GOOGL.O Google to pay local media outlets for news content used, Treasurer Josh Frydenberg said on Friday.

    Frydenberg said the mandatory code of conduct, which will be legislated into law this year, is needed to ensure the viability of local media companies.

    "It's about a fair go for Australian news media businesses, it's about ensuring that we have increased competition, increased consumer protection, and a sustainable media landscape," Frydenberg told reporters in Melbourne.

 
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