Facebook fights back against planned media law in Australia

Like Google, Facebook wants to defend itself against a new media law in Australia. The world's largest internet network (Facebook, Whatsapp, Instagram) announced this on Tuesday, aligning itself with Google's stance.

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Australia wants to be the first country in the world to force the tech giants by law to share their revenues with the media. Specifically, this involves Facebook and Google paying money in the form of license fees for media content that is shared on their sites.

Facebook warned against this and argued that if the law was passed, Australians would be prevented from sharing news content. Facebook manager Will Easton, who is responsible for business in Australia, said: "This is not our first choice - it's our last." The law would harm Australia's media.

The government has been negotiating with Facebook and Google for months to find an amicable solution. Finance Minister Josh Frydenberg said that the law is of national interest and will strengthen the local media industry.

Australia's online advertising market is worth around 5.7 billion dollars and has grown more than eightfold since 2005. (SDA)

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