Seven West Media Signs Content Deals With Facebook, Google

Share post:

Seven West Media Ltd., one of Australia’s leading integrated media companies, has recently signed multi-year content agreements with Facebook and Google that follow stringent media laws that allow the industry to secure new revenue streams and better adapt to the internet age.

This new development means that Google and Facebook will now pay two of Australia’s three largest traditional news portals for content.

While the terms of the deal were not announced, Seven West Media Ltd revealed that it would provide content for Google parent Alphabet Inc’s News Showcase platform for five years and also provide content for a similar Facebook product for three years.

In a released statement, Seven West Media Ltd CEO James Warburton referred to the law that allows the government to intervene if domestic media companies cannot reach an agreement with a major internet provider, while at the same time setting out his view of the new agreement.

He reveals: “These partnerships have been made possible by the introduction of the Media Bargaining Code. They underpin our sustainability and enable us to continue to build our digital platform.”

For more information, read the original story in Reuters.

Featured Tech Jobs


Related articles

U.K. Home Secretary launches campaign against Meta’s encryption plans

United Kingdom’s Home Secretary, Suella Braverman has unveiled a new campaign aimed at Meta, the parent company of...

X ranks last in managing climate misinformation on social media

X, formerly Twitter, ranks last in managing climate misinformation on social media, according to a new report from...

Musk propose subscription model for X to combat bots

In a meeting with Israeli Prime Minister Benjamin Netanyahu, Elon Musk proposed a new subscription model for X,...

TikTok introduces new AI content labeling feature

TikTok is taking a step towards greater transparency with a new feature that allows creators to label content...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways