Weekly newspapers Der Spiegel and Die Zeit are among the initial launch partners for Facebook News in Germany, according to Facebook. Daily newspapers such as the Handelsblatt and Frankfurter Allgemeine Zeitung have also signed up.
But Axel Springer, which publishes the national newspaper Die Welt and best-selling tabloid Bild, said it won’t contribute to Facebook News because of the financial terms on offer. The publisher is backed by private equity firm KKR, and it owns digital brands including Business Insider.
“We consider the efforts of several platforms to become news brands themselves while at the same time compensating some publishers with inappropriately low remuneration for their content as problematic,” said a spokesperson for Axel Springer.
A global battle
Australia’s government passed legislation that would allow certain media outlets to bargain with tech companies so they could be paid for distribution of the news they produce. Under the legislation, parties enter arbitration if they can’t reach an agreement.
The European Union and the United States face growing pressure from publishers and tech industry critics to adopt similar measures. Canada’s government has said it plans to introduce legislation in the coming months.
New copyright laws in Europe require search engines and social media platforms to share revenue with publishers if their content is displayed. Axel Springer said on Monday that it intends to rely on those rules.
“We put our faith on the implementation of a European copyright in which all publishers can transparently participate and receive reasonable compensation,” a spokesperson said.