Last year, Google and Facebook made almost $400 million more in Australian advertising revenue than five of our major media outlets combined.
Today, Treasurer Josh Frydenberg unveiled a draft code aimed at reining in the dominance of the digital platforms and strengthening the media companies that have lost significant ad revenue to the international tech giants.
In this episode, national editor Tory Maguire is joined by media and telecommunications journalist, Zoe Samios to discuss the implications of the code for Australian media and the companies.