Facebook to pay News Corp for content in Australia

(FASTNEWS | COLOMBO) –   Facebook has agreed to pay Rupert Murdoch’s News Corp Australia for journalism from its local mastheads.

The deal was secured just weeks after Australia passed a controversial world-first law aimed at making tech platforms pay for news content.

News Corp has not disclosed the value of the three-year contract in Australia. Last month, it clinched a global deal with Google.

Mr Murdoch’s media empire began with his Australian newspapers.

The deal covers all of News Corp Australia’s content. It controls about 70% of newspaper circulation in Australia with titles including The Australian, The Daily Telegraph and The Herald Sun.