Rupert Murdoch

Technology • Internet & Web
Facebook signs deal to pay News Corp for news in Australia
Facebook signs deal to pay News Corp for news in Australia
Credit: Illustration: Pendect, Ashley Winkler. (Creative Commons Attribution ShareAlike 4.0)

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."

Technology • Internet & Web
Facebook reverses ban on news pages in Australia
Josh Frydenberg
Josh Frydenberg Credit: julian meehan (Creative Commons Attribution 2.0)

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.

Business • Media & Advertising
German media group Bertelsmann to acquire Simon & Schuster for more than $2 billion
German media group Bertelsmann to acquire Simon & Schuster for more than $2 billion
Credit: Bertelsmann Unternehmenskommunikation (Creative Commons Attribution ShareAlike 3.0 DE)

German media group Bertelsmann will acquire U.S. publisher Simon & Schuster from ViacomCBS for more than $2 billion. Bertelsmann, the owner of Penguin Random House, outbid Rupert Murdoch's News Corp for the publisher of authors Dan Brown, Hillary Clinton and Stephen King that Viacom put up for sale earlier this year.

CEO Thomas Rabe is restructuring the group to reduce its exposure to declining areas such as printing, has merged its Arvato CRM customer services unit and made a string of smaller technology bets.