German publishers have called for tighter Facebook regulation after the social network blocked all media content in Australia.

The time has come for governments around the world to restrict the bargaining power of gatekeeper platforms, Dietmar Wolf, Dietmar Wolf, general director of The Federation of German Newspaper Publishers. 

He added that if Facebook starts offering its own news content, it should be regulated as a global media company.

Australian authorities want to oblige internet giants to share ad revenues with media publishers who post news on their platforms.