Google has rejected demands it pay hundreds of millions of dollars per year in compensation to Australian news media under a government-imposed ...
Google has denied it makes anything like the money the Australian government says it does from domestic advertisers AFP/DENIS CHARLETSYDNEY: Google has rejected demands it pay hundreds of millions of dollars per year in compensation to Australian news media under a government-imposed revenue-sharing deal.
Leading news publishers have demanded the two companies pay at least 10 per cent of that money each year to local news organisations, which they say have lost the vast majority of their advertising revenue to the global technology giants.Advertisement"We all agree that high-quality news has great social value, but we need to understand the economics as well," Silva said in a blog post Sunday.
Google's position bodes ill for negotiations which the ACCC hopes to pursue between Google, Facebook and Australian media companies over a mandatory"code of conduct" governing issues such as revenue sharing, curbing disinformation and protecting user privacy.
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