News Corp and Facebook Reach Agreement in Australia
March 15 2021 - 6:02PM
Dow Jones News
By Maria Armental
News Corp reached a deal to let Facebook Inc. feature news in
Australia from some of News Corp's key properties, including The
Australian national newspaper, the company said Monday.
The three-year deal follows an agreement reached in October 2019
involving News Corp publications in the U.S., including The Wall
Street Journal and other Dow Jones media properties.
"The agreement with Facebook is a landmark in transforming the
terms of trade for journalism, and will have a material and
meaningful impact on our Australian news businesses," News Corp
Chief Executive Robert Thomson said in a statement. "This digital
denouement has been more than a decade in the making."
The latest agreement, which followed a news blackout in
Australia from Facebook last month amid a spat with the government
over payment for content, involves News Corp Australia and includes
The Australian newspaper, the news.com.au news site, metropolitan
mastheads like The Daily Telegraph in New South Wales, Herald Sun
in Victoria and The Courier-Mail in Queensland and regional and
community publications, News Corp said.
Sky News Australia, meanwhile, reached a new agreement with
Facebook that extends and "significantly builds" on an existing
arrangement, the company said.
The company didn't disclose financial and other details.
News Corp has reached similar agreements with Alphabet Inc.'s
Google and Apple Inc.
On Monday, Mr. Thomson credited the Australian government "for
taking a principled stand for publishers, small and large, rural
and urban, and for Australia."
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
March 15, 2021 17:47 ET (21:47 GMT)
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