He's has made the Australian government write a law that specifically and only targets two multi-billion dollar global companies (Facebook and Google) and forces them to give him more money.
It specifically isn't going after other online companies that don't have a huge net worth, and it specifically isn't even attempting to hide the intent by also giving money to the not-for-profit news outlets in Australia (ABC, SBS).
Because he controls the very vast majority of media in Australia he can obviously force the government to do his bidding - one by ensuring all his government buddies stay rich, and two by promising not to publish anything that would result in them getting voted out.
A fiction writer couldn't come up with such an outrageous idea.
As an Aussie, I can confidently say Australia has utterly lost the plot, and I applaud Facebook for standing up to them. I sincerely hope Google follow suit, and they both refuse to come back even if the legislation is scrapped. I hope News Corp. dies a rapid death without the 2.3B clicks