Australia Launching Probe of U.S. Tech Firms' Role in News Market

Australia’s competition regulator said it would investigate whether U.S. online giants Facebook and Alphabet Inc.’s Google have disrupted the news media market to the detriment of publishers and consumers. Like their rivals globally, Australia’s traditional media companies have been squeezed by online rivals, as advertising dollars have followed eyeballs to digital distributors such as Google, Facebook and Netflix Inc.