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Australia's New News Bargaining Plan
Description
Australia introduces the News Bargaining Incentive, a new plan to make tech giants pay for local news. The levy targets platforms like Google, Meta, and TikTok, with a 2.5% fee on Australian revenues. News outlets receive funds based on full-time journalists, with extra weighting for diverse groups. The plan replaces the old bargaining code, following Metas exit and pressure from publishers. Media bosses support the move, while tech firms criticize it as an unfair tax. Experts suggest it needs stronger enforcement to ensure participation.
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