Australia to force Facebook and Google to share ad revenue with local news outlets

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(Reuters) — Australia will force Facebook and Alphabet’s Google to share advertising revenue with local media firms, the country’s treasurer said on Monday, becoming one of the first countries to require digital platforms to pay for content they use.
Treasurer Josh Frydenberg said the move comes after talks with Facebook and Alphabet failed to yield a voluntary code to address complaints by domestic media players that the tech giants have too tight a grip on advertising,  » ….