The Age ·general ·2 hours ago

Albanese introduces draft laws mandating tech giants to fund local journalism

Australian Prime Minister Anthony Albanese unveiled draft laws on Tuesday requiring tech giants like Meta and Google to pay a 2.25 percent revenue hit if they do not negotiate local journalism deals. The $250 million revenue will be allocated to media companies based on journalist employment. Albanese emphasized the importance of investing in journalism for democracy.

Summary by Glance · The Age

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