After Google this time Facebook signed agreement with Newscorp

After Google this time Facebook signed agreement with Newscorp

After Google, this time Facebook signed a three-year deal with Rupert Murdoch’s Newscorp to compensate for content sharing. As a result, Facebook users in Australia will be able to view news content from Newscorp’s The Australian, The Daily Telegraph, Sky News and more.

Last month, the Australian government enacted a law requiring the two US agencies to compensate Australian media outlets for sharing news content from local media outlets on the Google or Facebook search engine. Opposing the law, Facebook initially shut down its news-sharing services in Australia, but after much negotiation, it agreed to compensate the local media.

On February 26, the Indian Newspaper Society (INS), the country’s newspaper organization, wrote a letter to Google India with the same demand. In the letter, L Adimoolam, president of INS, demanded that Google share 85% of its digital advertising with newspapers to share credible news content from Indian newspapers. The letter said that while Google is compensating local media outlets in France, the European Union and Australia for news sharing, why aren’t they adopting the same policy in India?

Rupert Murdoch’s News Corp has not previously announced the amount of money they have signed with Google, nor has it announced the value of the deal with Facebook. Rupert Murdoch’s News Corp has shut down 112 newspapers (prints) around the world in a bid to shift to digital media.