Facebook will finance an “innovation fund” for around 160 regional Australian newspapers. The fund is a part of a planned deal with Country Press Australia to contribute editorial content to Facebook News, Australian media report.
The CPA group recently applied for permit to negotiate together as a group versus Facebook and Google about being paid for the tech companies’ use of editorial content online.
Around 30 Danish media companies have also announced plans to negotiate together with Facebook and Google. The Danish negotiations will be based on the updated EU copyright directive that is implemented in Danish law.
Australia recently introduced a law saying big tech companies must compensate publishers for using their content. If they cannot agree on the pricing, an independent panel will decide about it.
Both Facebook and Google protested against the legislation but has after it was approved, reached direct agreements with a large number of publishers to contribute content to Facebook News and Google News Showcase. No panel has so far been called in to decide about pricing as the parties have settled that directly between them.
Guardian Australia has also made a deal with Facebook to licence news to the platform. A similar agreement was made with Google in February for Guardian Australia to participate in the company’s News Showcase product.