In a recent statement, social media giant Meta – which owns both Facebook and Instagram – announced they would not renew their agreements with Australian news publications that formed the basis of their Facebook News tab.
Meta reported that the number of people using Facebook News in Australia and the U.S dropped by over 80 per cent, saying users instead go to Facebook for ‘new opportunities, passions and interests’.
Country Press Australia (CPA) – which represents several local newspapers and publications – said that the announcement is a devastating blow to members who benefited from the existing and soon-to-expire agreement…