The expansion of global digital platforms has transformed news distribution, creating asymmetrical relationships between conventional media institutions and dominant technology corporations such as Google and Meta. Platform-based distribution and algorithmic curation have shifted advertising revenues and audience traffic away from news publishers, increasing their dependence on digital intermediaries. This study examines the legal implications of Publisher Rights regulations for media business models and strategic alliance management between media companies and digital platforms. The research employs qualitative document-based juridical analysis of Publisher Rights regulations, platform licensing policies, corporate policy statements, and institutional reports from media organizations in Indonesia and Australia. Meta-synthesis integrates findings from previous empirical studies on publisher–platform relations, while reverse engineering is applied to interpret the operational logic of content distribution and monetization mechanisms. The findings indicate that Publisher Rights regulations strengthen media organizations’ bargaining positions in licensing negotiations and encourage contractual revenue-sharing arrangements with digital platforms. However, media companies remain structurally dependent on algorithmic visibility systems controlled by platforms, particularly regarding audience reach and advertising monetization. Unilateral algorithmic changes can affect traffic distribution and reduce the predictability of publisher revenues despite existing licensing agreements. These findings suggest that Publisher Rights regulations improve the legal recognition of news content ownership and provide stronger negotiation mechanisms. Nevertheless, their effectiveness in reducing platform dependency remains limited because digital platforms retain substantial control over algorithms, audience access, and monetization infrastructures. Therefore, broader governance mechanisms are required to promote transparency, accountability, and balanced relationships within digital media ecosystems.