CNN Blocks Its Facebook Pages In Australia: WSJ

AT&T Inc's T CNN s has restricted access to its Facebook Inc FB pages in Australia after a high court ruling, the Wall Street Journal reports.
The court held media companies responsible for defamatory content on their Facebook posts. CNN sought Facebook's help to disable comments on all of their pages in Australia.
However, Facebook refused to disable all comments on CNN's pages in Australia and offered to help CNN disable comments on its posts one by one.
Ultimately, CNN chose to restrict access as managing comments on posts from each account was too time-consuming.
CNN believes Facebook should be responsible for helping publishers comply with laws that apply to content on its platform.
"We are disappointed that Facebook, once again, has failed to ensure its platform is a place for credible journalism and productive dialogue around current events among its users," a CNN spokeswoman said.
Price Action: FB shares traded higher by 0.95% at $343.9 in the premarket session on the last check Wednesday.