“The whole lot that I’ve heard from events, each within the information media enterprise and by way of digital platforms, is that these are beneficiant offers,” Frydenberg mentioned.
“These are honest offers. These are good offers. These are good offers for the Australian media companies,” he added.
Google and Fb, which take a mixed 81% of internet marketing in Australia, have condemned the code as unworkable.
Google says it’d make its search engine unavailable in Australia if the code is launched. Fb mentioned it’d block Australians from sharing information if the platform has to pay for information.
Frydenberg mentioned after weekend talks with Fb CEO Mark Zuckerberg and Sundar Pichai, chief government of Alphabet Inc. and its subsidiary Google, that he was satisfied the platforms “do need to enter into these industrial preparations.”
Frydenberg denied he had given floor to Zuckerberg and Pichai by agreeing to amend the laws.
“Now we have held the road and held it strongly,” Frydenberg mentioned. “And the digital giants have been left in little question concerning the . . . authorities’s resolve.”
Google confirmed it was “in discussions with publishers giant and small.” Fb can be looking for information offers, however mentioned it didn’t have “something to substantiate at the moment.”