Big Tech must do its part to preserve quality journalism
The Albanese government has introduced new laws aimed at ensuring that Big Tech companies compensate media organizations for the use of their journalism. The proposed legislation includes a tax on tech firms that fail to reach voluntary agreements with news outlets. This initiative comes in response to the growing influence of artificial intelligence and the need to uphold quality journalism in a crowded media landscape.
- ▪The new laws propose a 2.25 percent tax on tech firms' revenue if they do not negotiate agreements with media companies.
- ▪This could result in payments of up to $135 million for Australian journalism from companies like Meta, TikTok, and Google.
- ▪The legislation includes a 'must carry' clause, requiring tech platforms to feature news content.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.