Google to pay $1 billion over 3 years for news content
Associated PressLONDON — Google will pay publishers $1 billion over the next three years for their content, the company’s latest effort to defuse tensions over its dominance of the news industry. News companies want Google, and its Silicon Valley rival Facebook, to pay for the news content that they siphon from commercial media while taking the lion’s share of ad revenue. “By launching a product, they can dictate terms and conditions, undermine legislation designed to create conditions for a fair negotiation, while claiming they are helping to fund news production.” The council’s members include German publisher Axel Springer and the British unit of media tycoon Rupert Murdoch’s News Corp., which have been fighting a yearslong battle to get the tech giants to pay for news stories appearing on their platforms. Australia’s government is drafting a law to make Facebook and Google pay the country’s media companies for the news content they use by early October.