Facebook will restore news to its platform in Australia after the government agreed to modify proposed legislation that had kicked off a bitter battle over how publishers are compensated for use of their content by Internet giants. On Tuesday, Australian lawmakers said the code would now include a provision that must take into account whether a digital platform has made a "significant contribution to the sustainability of the Australian news industry through reaching commercial agreements with news media businesses." And arbitration would now only be used as a "last resort" following a period of "good faith" mediation. Facebook said the revisions would let it retain greater control of news on its platform. Related Story Facebook To Ban Users, Publishers In Australia From Sharing, Viewing News Content In A Slap At New Reg The dispute has been brewing for months and legislation that was set to be approved shortly would have required immediate binding arbitration if the two sides – publisher and platform — failed to reach a deal on compensation. It also required tech platforms to give publishers collective bargaining power and notice of any algorithm changes that would materially affect traffic. William Easton, Managing Director, Facebook Australia & New… Read full this story
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