The issue with this law is that there only opt out is the one that Facebook have taken. If they allow links to any news providers, then they must allow links to

The issue with this law is that there only opt out is the one that Facebook have taken. If they allow links to any news providers, then they must allow links to all news providers, and pay for them. And if they cannot reach a fair agreement, the arbitration is compulsory - ignore the value Facebook gives to News Corp, consider the value News Corp gives to Facebook. It's possible to come up with decent regulation/law that does what this one is nominally advertised as doing. But this one is unreasonable. (Also, the way we got to this point is worth considering. Murdoch spent a decade kicking out prime ministers and destroying democratic oversight. Once he'd finally abolished any expectation that democracy serves the people, he wrote a law and gave it to the parliament to move wealth from his successful advertising companies to his own less successful advertising companies.)