SYDNEY: Australia’s competition watchdog suggested Tuesday that local media could organise a “collective boycott” of Google and Facebook to force the tech giants to pay for news they put on their platforms.
But acknowledging the global reach and immense power of Google and Facebook, it said an “alternative bargaining framework” could be needed if direct negotiations fail. While the initial targets of the anti-trust move involved a range of tech firms, including Twitter and Verizon Media, the ACCC said Tuesday it was narrowing its focus to Google and Facebook.
Its concept paper posed a series of questions about what kind of news should be compensated and how best to determine its value, and gave stakeholders until June 5 to submit recommendations.
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