ACCC Holds Public Hearing on News Media Bargaining Code

On February 1, the Australian Competition and Consumer Commission (ACCC) hosted a public hearing to discuss the News Media Bargaining Code legislation and address concerns raised by public submissions. While the hearing addressed praise for and concerns about the Code, it was primarily focused on building a sustainable model for financing news publishers. One witness pointed out how digital platforms have worked to diminish the value of news since the Code was announced, saying, “Both Facebook and Google pushed around news not being an important part of their business, despite it being a critical part of the functioning of the democracy in which they’re operating.” Other witnesses voiced concerns about sustaining local news and making sure the Code adequately supports even the smallest players, ensuring a diverse and independent press. Read more here.


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