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News on Medial
Australian media hits back as Facebook scraps news deals
Economic Times
·
1y ago
Medial
The executive chairman of News Corp Australasia, Michael Miller, called on Australia to resist tech giants, following Meta's decision to stop paying for news content. Miller warned that this move could result in job losses and expose Australians to more misinformation and scams. He criticized Meta's disregard for Australian government and laws, suggesting that the company prioritizes its own interests over community welfare. Meta had recently announced the termination of its Facebook News tab in Australia and the discontinuation of deals with news publishers. Miller emphasized the negative impact of misinformation on society and democracy.
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Related News
Meta Says It Won’t Renew Deals With News Publishers in Australia, U.S.
Livemint
·
1y ago
Medial
Facebook owner Meta has announced that it will not be entering into new deals with traditional news publishers in Australia and the U.S. The decision comes as the number of users accessing the dedicated news tab on Facebook dropped by over 80% last year. While users will still be able to view news article links on Facebook, Meta will be deprecating the dedicated news tab called Facebook News. The move has reignited the debate over whether social media companies should pay news publishers for content. Australian officials have criticized Meta's decision, stating that news publishers deserve fair compensation for their content.
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Meta says it may block news from Facebook in Australia
Economic Times
·
1y ago
Medial
Facebook owner Meta is considering blocking news content in Australia if the government enforces licensing fees, according to a company representative. Meta's regional policy director, Mia Garlick, confirmed that all options are being considered. The company is waiting for the government to decide if it will implement a 2021 law allowing it to set fees for tech giants, such as Meta, to pay media outlets for links. This stance suggests Meta may adopt a similar approach to the one it took in Canada in 2023. Meta has previously struck deals with Australian media companies but will not renew them beyond 2024. Australian authorities are now contemplating whether to force Meta to pay for news content.
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Australia plans new rules forcing Big Tech to continue paying news outlets
Economic Times
·
7m ago
Medial
Australia's government is set to introduce new rules that could result in fines for Big Tech companies if they refuse to pay Australian media companies for hosting news content on their platforms. The proposed rules would require internet companies to negotiate with publishers and pay them even if they remove news from their platforms. The move follows 2021 legislation that required tech giants like Google and Meta (formerly Facebook) to compensate media companies for driving traffic and advertising revenue to their platforms. Meta has already stated that it will not renew its agreements with Australian media organizations beyond 2024.
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Facebook owner Meta respects the law only when it suits, says Australia minister
Economic Times
·
1y ago
Medial
Australia's financial services minister, Stephen Jones, accused Meta (formerly Facebook) of considering themselves above the law and engaging in anti-competitive behavior. He criticized the company for its decision to quit licensing deals with Australian news media and stated that such behavior harms economies and democracy worldwide. Jones emphasized the need for Meta to comply with laws in democratic countries like Australia. The minister is still considering implementing a law that would determine the payment Meta should provide to media for content posted on its sites. Jones also mentioned ongoing discussions with prominent Australians, including Andrew Forrest, who is battling Meta in a US court over scam cryptocurrency advertisements featuring his image.
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Facebook will remove its News tab, and stop paying publishers for news
The Verge
·
1y ago
Medial
Facebook will be shutting down its News tab feature in April 2024 in the United States and Australia. This move comes as part of Meta's decision to deprecate Facebook News and not enter new commercial deals for news content. The company claims that news only makes up a small percentage of the content people see on their Facebook feeds and that they need to focus on other areas, such as short-form video. Publishers are encouraged to continue sharing links on their own pages to drive traffic to their websites. This announcement follows Facebook's earlier retreat from news with the shutdown of Instant Articles.
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Meta tightens ad rules to curb financial scams aimed at Australians
Economic Times
·
7m ago
Medial
Meta Platforms, the parent company of Instagram and Facebook, has implemented stricter rules for advertisers of financial products and services in Australia. This is aimed at cracking down on scams on the social media platforms. Advertisers will now need to verify their information, including their Australian Financial Services License number, before running financial services advertisements. Once verified, advertisers will have to include their payer and beneficiary information in their ads. Previously, Meta removed 8,000 "celeb bait" ads in collaboration with Australian banks to combat scams using famous people's images to deceive consumers.
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Meta, Australian banks tout progress on taking down 'celeb bait' scam ads
Economic Times
·
9m ago
Medial
1. Meta has taken down around 8,000 celebrity bait scam ads from Facebook and Instagram in collaboration with Australian banks. 2. The scams use AI-generated images of famous people to deceive consumers into investing in fictitious schemes. 3. The Australian government plans to introduce an anti-scam law which could impose fines of up to A$50 million on social media companies like Meta. 4. In 2023, Australian scam reports increased by nearly one-fifth, resulting in losses of A$2.7 billion. 5. Meta is facing a lawsuit in Australia for allegedly failing to prevent the dissemination of cryptocurrency advertisements featuring celebrities. 6. Meta is working with Australian banks to identify signs of fraud and scams within ads, while their stance on the proposed anti-scam law is still under consideration.
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Meta to drop 'Facebook News' tab in some European countries
Economic Times
·
1y ago
Medial
Meta Platforms, the parent company of Facebook, will discontinue its "Facebook News" feature in the UK, France, and Germany later this year. Users will still have access to news articles, and European news publishers will maintain their Facebook accounts and pages. However, Meta will not form new commercial deals for news content on "Facebook News" or offer product innovations for news publishers in these countries. The move is part of Meta's refocus on other areas of its business.
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Global outage hits cybersecurity firm Crowdstrike: report
Economic Times
·
12m ago
Medial
A major cyber outage affecting Australian media, banks, and telecoms companies is believed to be related to an issue at global cybersecurity firm Crowdstrike. Outages were reported by several banks and telecoms companies, with no indication of a cyber security incident. Australia's National Cyber Security Coordinator stated that the outage was caused by a technical issue with a third-party software platform. State broadcaster ABC also experienced a network outage, with no reason provided. A Sky News correspondent confirmed that the outage was not thought to be a result of a hack.
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Social media ban for children younger than 16 introduced in Australia's Parliament
Economic Times
·
7m ago
Medial
Australia's communications minister has proposed a new law that would prohibit children under the age of 16 from using social media platforms such as TikTok, Facebook, Snapchat, Reddit, and Instagram. The aim is to safeguard children from harmful content. Platforms that fail to enforce this age restriction could be fined up to 50 million Australian dollars. The bill has received widespread political support. However, critics argue that the ban could isolate teenagers from their existing online networks. In addition to the social media ban, Australia is also exploring ways to prevent minors from accessing online pornography.
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