By Mike Cherney 

Facebook Inc. said an agreement had been reached with the Australian government to restore news pages to the social-media company's platform, following a five-day hiatus locally due to a disagreement over payment for content.

Facebook removed news from its platform in Australia last week, as legislation that would effectively require Facebook and Alphabet Inc.'s Google to pay traditional media companies for content worked its way through the country's parliament. The legislation is being widely watched globally and could offer a model for how other countries could compel tech giants to pay for content.

More to come


(END) Dow Jones Newswires

February 23, 2021 00:04 ET (05:04 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.