Earlier quoted context omitted.
AFAIK you're missing a crucial point - they're trying to require G/FB to pay out billions to old (read: dying) media publications, which will crush small publications. On the Open Web, ABC News should get the exact same treatment at JoeBloggsYT2020.
Murdoch's News Corporation and the currently incumbent Liberal party are very cosy with one another, so it's not surprising the government is legislating to prop them up financially. It's beneficial to consumers to have a well funded fourth estate, however I doubt this is being done out of public interest.
Fine. Have the government pay subsidies. It's not Google's duty to fund the newspaper industry.