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Australian tycoon to help small publishers strike deals with Google, Facebook

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Google logo and Australian flag are displayed in this illustration taken, February 18, 2021. REUTERS/Dado Ruvic/Illustration

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SYDNEY, Nov 22 (Reuters) – Australian small publishers will get a leg up in their fight to secure licensing deals with Google and Facebook (FB.O) after the country’s richest person said his philanthropic organisation would seek a collective bargaining arrangement for them.

The Minderoo Foundation, owned by Andrew Forrest, chairman of iron ore miner Fortescue Metals Group (FMG.AX), plans to help 18 small publishers by applying to the Australian Competition and Consumer Commission (ACCC) on their behalf so they can negotiate together without breaching competition laws.

The move was welcomed by publishers including the Star Observer, Australia’s oldest LGBTQ title, which like some other small publishers did not get a deal with Facebook despite having secured a deal with…

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