News Corp

Facebook is teaming up with News Corp Australia with a three-year partnership that was announced on Monday. It will allow content from much of Rupert Murdoch's local media empire to be featured on Facebook. The terms of the deal were not disclosed. The agreement adds to a stream of new partnerships News Corp has signed in Australia in recent weeks.

In a statement Monday, News Corp CEO Robert Thomson alluded to the firm's longtime battle, arguing that "Rupert and [co-chairman] Lachlan Murdoch led a global debate while others in our industry were silent or supine."

Australian Treasurer Josh Frydenberg and communications minister Paul Fletcher announced on Tuesday a compromise had been reached as the legislation that would force Facebook and Google to pay news publishers for content was being debated in the Senate. Frydenberg said Facebook chief Mark Zuckerberg had told him the ban would end "in the coming days" after the pair talked.

Australian authorities will introduce four further amendments, including one that means the government may not apply the code to Facebook if it can demonstrate a "significant contribution" to local journalism.

The proposed law was also seen by some as heavily influenced by the lobbying operations of media mogul Rupert Murdoch's News Corp - which owns many of Australia's major newspapers.