Google rejects demands

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Sydney

Google has rejected demands it pay hundreds of millions of dollars per year in compensation to Australian news media under a government-imposed revenue sharing deal. The company’s top executive in Australia said Google made barely Aus$10 million (US$6.7 million) per year from news-linked advertising, a fraction of a government watchdog’s estimates for the sector. In an effort being closely watched around the world, Australia is set to unveil plans to force major internet firms to share advertising revenue they earn from news featured in their services. The country’s competition regulator, the ACCC, has estimated that Google and Facebook together earn some Aus$6 billion (US$4 billion) per year from advertising in Australia. – AFP

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