Published 2 months ago

Frydenberg urges Labor to negotiate with Zuckerberg over media deal

Summary by Ground News

Former federal treasurer Josh Frydenberg has urged the Albanese government to take a more direct and personal approach in negotiating with Meta chief Mark Zuckerberg. He said Meta's decision to pull out of its agreements with news organisations would leave a billion-dollar black hole in public interest journalism. Google and Meta signed a series of deals with media companies in 2021 to pay about $250 million a year.

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Sydney Morning Herald

Frydenberg urges Labor to negotiate with Zuckerberg over media deal

The former federal treasurer, now the Goldman Sachs Australia chairman, said brokering a deal with Meta and Google involved one-on-one conversations with the companies’ chiefs.

2 months ago·Sydney, Australia

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