Facebook & Google will be forced to pay for Australian news under new legislation passed by the country\'s parliament. Australia\'s News Media Bargaining Code is being closely watched globally for precedents in the battle between Big Tech & media companies. The world-first law passed easily after the Australian government agreed to water down elements most fiercely opposed by the tech giants, in return for both agreeing to negotiate paid deals with local media.

It paves the way for Facebook & Google to plough tens of millions of dollars into struggling local media companies & could provide a model for resolving tussles with regulators worldwide. Government said the law would ensure that news businesses \"are fairly remunerated for the content they generate, helping to sustain public interest journalism in Australia\".