Government set for announcement on future of media bargaining code
An announcement on the future of the news media bargaining code is expected on Thursday afternoon after months of policy debate.
Prime Minister Anthony Albanese and Assistant Treasurer Stephen Jones are preparing to make an announcement on the future of the news media bargaining code on Thursday afternoon, according to people briefed on the matter speaking on the condition of anonymity.
The announcement will bookend nine months of heavily contested media policy debate focused largely on the future of the code, and the $200 million in annual funding that has flowed from Meta and Alphabet-owned Google to news publishers since its introduction in 2021.
The package of media and tech reforms was presented to the federal Labor cabinet in late November, Capital Brief revealed, as part of an agenda that included the introduction of new competition rules targeting the world’s largest tech companies.
At a press conference last week, Jones indicated that Labor’s response to Meta would not be confined to the code, and suggested the government no longer considers it fit for purpose.
