Social media companies shouldn’t “essentially ride free” on the backs of traditional media, Anthony Albanese has said, when asked about the possibility of a levy after Meta’s decision to not renew media funding deals.
The prime minister’s comments raise expectations Labor will intervene to secure the revenue base of cash-strapped traditional media companies, which have lobbied for help due to losing funding from social media and the government’s intention to ban gambling ads online and apply caps to them on television.
