Facebook is expected to launch its special information product in Australia when it concludes full deals with local publishers. The company also signed final agreements for 12,246 bitcoin mining machine units at an overall rate of 288PH/S. “The agreement with Facebook is an important step in transforming the terms of commerce for journalism, and will have a significant and significant impact on our Australian news business. Mark Zuckerberg and his team deserve to be commended for their role in the future work of journalism, which has been under extreme strain for more than a decade,” said Mr. Thomson, CEO of News Corp. “Rupert and Lachlan Murdoch have led a global debate, while others in our sector have been silent or silent when digital dysfunction threatened to turn journalism into a contemptuous order. We thank Australian Prime Minister Scott Morrison, Treasurer Josh Frydenberg and Australian Competition and Consumer Commission Chairman Rod Sims and his team for taking a principled stance for publishers, large and small, rural and urban, and for Australia. This digital denunciation has been underway for more than a decade. Industry sources say agreements are progressing now, as talks have stopped in recent weeks. However, there is no guarantee that the agreements will be concluded. Last month, Facebook sparked riots in Australia by preventing Australian publishers and consumers from sharing or viewing Australian and international news content.
Facebook was reacting to Australia`s media trading code, which includes a “hundreds of millions of dollars” fine from the company and Google if they refuse to pay for the content of the information. Financial conditions were not disclosed, but the social platform said earlier this month that it would invest $US 1 billion ($1.3 billion) in news over the next three years. News Corp Corporate CommunicationsJim Kennedy212firstname.lastname@example.org News Corp Investor RelationsMichael Florin212email@example.com access to this content will help you stay up-to-date with the latest local and national news, as well as insights and comments on topics relevant to many areas of study by some of Australia`s most respected journalists. About News CorpNews Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global and diversified media and information services company focused on the production and distribution of essential and engaging content and other products and services. The company includes companies in a number of media, including: digital real estate services, subscription video services in Australia, information and information services and book publishers. Headquartered in New York, News Corp is primarily active in the United States, Australia and the United Kingdom, whose content and other products and services are distributed and consumed worldwide. For more information, see: www.newscorp.com. Robert Thomson, chief executive of News Corp, said the agreement with Facebook was “an important step” in transforming the terms of the exchange for journalism and would have a significant impact on News Corp`s australian business. “Facebook boss Mark Zuckerberg and his team deserve to be recognized for their role in the future work for journalism, which has been under extreme strain for more than a decade,” Thomson said. At the same time, Sky News Australia has also reached a new agreement with Facebook, which extends to an existing agreement and clearly supports itself.
Seven West Media was the first publishing house to sign a contract with Facebook and quickly reach an agreement last month, after Facebook negotiated a deal with the government to overturn its decision to block the news in exchange for changes to the federal news media law, which became law late last month.