Labor caves to media giants with eleventh

The federal Labor government has made a series of eleventh-hour changes to its plan to force technology giants to compensate news outlets, including boosting the amount they will have to pay, after receiving warnings that its previous proposal would cost journalism jobs.

Prime Minister Anthony Albanese on Wednesday struck a deal with Opposition Leader Angus Taylor to get the News Bargaining Incentive swiftly passed through parliament after it is introduced on Thursday.

Gift 5 articles to anyone you choose each month when you subscribe.