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.