Summary: On July 31st, The Australian Competition and Consumer Commission introduced it's draft news media bargaining code. Under the code, Google and Facebook would be forced to pay for Australian news published on their sites to help fund public interest journalism. It's being characterised as a Mexican stand-off between the giants of modern tech, and Australia's consumer watchdog; but is that necessarily true? And, should Facebook and Google submit to the ACCC's new guidelines; what effect could this world first agreement have upon Google and Facebook's position in other markets around the world? Joining me today to go behind the Facebook Wall is Dr. Ofer Mintz, Associate Head (External Engagement) of the Marketing Department and a Senior Lecturer in Marketing at the University of Technology Sydney (UTS). And Professor Glenn Withers, Professor of Economics at The College of Business and Economics at ANU and a member of the Public Interest Journalism Initiative.
