We are unable to fund news organisations in the way we used to.
In China, a lot of news happens entirely inside the WeChat platform. Is this the future for Facebook?
Facebook might not have been able to cut off news sites were it not for the draft code. Whatever comes out of this is unlikely to be more competition.
The timing of Google's deals raises questions, coming just as the News Media Bargaining Code is set to be introduced into federal parliament.
It may have seemed the platforms were taking a confident stance by appealing to Australian users directly. But really, it was a delayed and panic-based reaction.
All sorts of transactions are "two-way value exchanges" in which it isn't clear in which direction the money should flow. The proposed media bargaining code is one of them.
The Morrison government will introduce legislation forcing Google and Facebook to face arbitration if they fail to come to commercial deals with traditional media on payment for content