Big tech to pay more if no deal reached with Australian media

Australia's government has raised a planned levy on tech giants. This charge will apply if they fail to reach news deals. The levy now stands at two point five percent of advertising revenue. This measure aims to support local journalism and news outlets. New laws are expected…

Companies like Google will have to pay a higher percentage of their ad revenue to media companies if they fail to make a deal, but have won a key concession that protects the broader revenue of their business.