TV industry calls for Facebook news feed transparency and journalism tax breaks

Broadcasters tell ACCC that Facebook and Google algorithms should be regulated and they should pay fair rate of ad revenue

Facebook should be compelled to identify trusted sources of Australian news and be more transparent about what it chooses to appear in its news feed, TV broadcasters have told the competition watchdog’s inquiry into digital platforms.

The free-to-air TV industry has also asked for tax breaks for Australian news producers – a “news production tax offset” – and a new regime to ensure Facebook and Google are accountable for paying local content producers a fair rate of advertising revenue.

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Tesla big battery is holding its own in a burgeoning energy storage market | Giles Parkinson

The South Australian battery pockets $4m as the market looks to unlock multiple potential value streams

The Tesla big battery at Hornsdale in South Australia continues to make its mark on the Australian energy market, pocketing another $4m in the fourth quarter from the provision of frequency and ancillary services.

Related: South Australia’s Tesla battery on track to make back a third of cost in a year

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Key points from parliamentary inquiry into disinformation

At 108 pages and covering a wide terrain, comprehensive report damns Facebook

Weighing in at 108 pages, the final report of the parliamentary committee investigating disinformation makes devastating reading for Facebook, which is accused of greedily squeezing as much profit out of user data as possible, while deceiving or obstructing anyone daring to scrutinise the company’s activities.

But the committee’s inquiry has covered an extraordinary amount of terrain in its 18-month lifespan, from Russian election interference to cash-for-passport schemes, and the report is similarly comprehensive.

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