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| Josh Frydenberg |
Australia’s government says it will start forcing Google and Facebook to pay for news content.
The Australian Competition and Consumer Commission had been working to reach a voluntary agreement with the platforms to pay traditional media for their content, but Australian treasurer Josh Frydenberg said that those negotiations have resulted in “no meaningful progress.”
According to an op-ed Frydenberg wrote in the Australian, the code will include provisions for revenue sharing, transparency of ranking algorithms and access to user data, as well as sanctions and penalties for non-compliance.
A draft of the mandatory code is expected to be ready by the end of July, with the final text to be agreed upon by the Australian government soon after that.
A report in the Guardian says that “dozens of regional newspapers” have stopped printing since the onset of the coronavirus crisis due to declines in advertising revenue.
Michael Kaminer, who was responsible for the Observer’s “Power List” for the past 13 years, has cut ties with the publication... The New York Times Company continues the march toward its goal of 15 million subscribers by the end of 2027... The John D. and Catherine T. MacArthur Foundation is providing more than $6 million in funding to eight organizations working to address the challenges local news and information environments face along the U.S.-Mexico border.
Conservative outlets Fox News, Newsmax and the Daily Caller are holding back from signing Pete Hegseth’s edict restricting press access in the Pentagon... CBS News sees the first executive departure of the Bari Weiss era as head of standards and practices Claudia Milne exits... Indiana University shuts down the print version of The Indiana Daily Student.
Rothschild family plans to unload 26.7 percent stake in The Economist... STAT, a digital media company that focuses the life sciences, brings back Damian Garde, who anchored its biotech newsletter and podcast from 2016 to 2024... High Times officially resumes print publication (following its 2024 shutdown) with the release of a limited-edition, collectible 50th anniversary issue. 
CBS News is set to hand over its reins to The Free Press co-founder Bari Weiss as Paramount acquires her site for $155M... C-SPAN comes on board as an official media partner of the U.S. Semiquincentennial Commission, which is charged by Congress to lead the celebration of the 250th anniversary of the signing of the Declaration of Independence... A new Gallup survey says that the level of trust that US audiences have in the media has hit a new low.
Paramount Skydance CEO David Ellison has named Kenneth Weinstein, former head of the conservative Hudson Institute, as ombudsman for CBS News.
