A second major commercial news outlet in Australia has struck a deal with Google in less than a week, as the tech giant moves to pre-empt an impending media payment law. Nine Entertainment, which owns radio, newspaper, and television assets across the country, has signed a Letter of Intent with Google Australia to be paid a lump sum of $30 million per annum, over five years, according to the Australian Financial Review, which is owned by Nine. This is the second major deal to be struck this week. On Monday, Seven West Media signed a deal believed to be worth $30 million per year. Deals are also expected with public broadcaster the ABC and commercial news outlet the Guardian. Facebook Australia has yet to announce any deals. The flurry of deals comes as the Australian government’s “world-leading” News Media Bargaining Code is expected to pass through Parliament in the next …
Second Major Australian Media Group Locks in Deal With Google
February 16, 2021
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