Corporate News
Facebook to restore news pages in Australia as deal reached on media law

Facebook said February 23 that it will lift a contentious ban on Australian news pages, after the government agreed to amend a world-first media law fiercely opposed by the tech giant. Treasurer Josh Frydenberg and Facebook indicated a compromise had been reached on key aspects of a law that would force global tech companies to pay news companies for content that appears on their platforms. "As a result of these changes, we can now work to further our investment in public interest journalism, and restore news on Facebook for Australians in the coming days," said Will Easton, managing director of Facebook Australia. The social media firm sparked global outrage last week by blacking out news for its Australian users and inadvertently blocking a series of non-news Facebook pages linked to everything from cancer charities to emergency response services. The compromise means that Facebook and Google -- the main targets of the law -- are unlikely to be penalised so long as they reach some deals with local media firms to pay for news.

News Source:- https://www.moneycontrol.com/news/business/facebook-to-restore-news-pages-in-australia-as-deal-reached-on-media-law-6557931.html