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Facebook, Google media code is 'fundamentally unbalanced,' US tells Australian lawmakers

( January 19, 2021, 01:08 GMT | Official Statement) -- MLex Summary: Australia’s plan to establish a code of conduct forcing digital platforms Facebook and Google to pay local publishers for news content will result in “long lasting negative consequences” and has unfairly singled out two American companies, the US government has told Australian lawmakers. In a letter to the Australian Senate Standing Committee on Economics, Assistant US Trade Representative for Services and Investment Daniel Bahar said that Australia’s proposed mandatory bargaining code for news media and digital platforms, with its arbitration provisions, was “fundamentally unbalanced” because an arbiter was obliged to consider the cost of news production, but not the cost incurred by a platform.The letter of the Office of the United States Trade Representative to the Australian Senate Standing Committee on Economics is attached. ...

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