Facebook (Image: Reuters)
Facebook said it had signed partnership agreements with Private Media, Schwartz Media and Solstice Media.
- Reuters Sydney
- Last Updated:February 26, 2021, 07:37 IST
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Facebook Inc on Friday said it had signed letters of intent with three Australian media firms, a day after the country’s Parliament passed a law forcing it to pay media companies for using content on its platform.
Facebook said it had signed partnership agreements with Private Media, which owns online magazines, Schwartz Media and Solstice Media. Commercial agreements will become effective within 60 days if a full deal is signed.
“These agreements will bring a new slate of premium journalism, including some previously paywalled content, to Facebook,” the social media company said in a statement.
It did not disclose the financial details of the deal.
Facebook on Tuesday struck a similar agreement with Seven West Media, which owns a free-to-air television network and the main…