Facebook 'disappointed' in Australia's attempt to make tech giants pay for news content

Federal government pushes ahead with plans despite similar schemes having limited success overseas

Facebook has said it is "disappointed" in the Australian government's attempt to extract millions of dollars from tech giants to pay for media content shared through search and social media.

But on Monday the treasurer, Josh Frydenberg, vowed the Australian government "won't bow to " threats" from big tech companies not to show local content, describing the coming stoush with Google and Facebook as a "battle worth fighting".