Google signs landmark deal with News Corp to pay for content

  • Google signs landmark deal with News Corp to pay for content

Google signs landmark deal with News Corp to pay for content

News Corp publications joining Google News Showcase include US publications The Wall Street Journal, Barron's, MarketWatch, and the New York Post; U.K. publications The Times and The Sunday Times, and The Sun; and Australian publications including The Australian, news.com.au and Sky News.

As part of the agreement, the companies will develop a subscription platform and will share advertising revenue through Google's ad technology services.

Rupert Murdoch's News Corp. has since announced a wide-ranging deal.

"Publishers do not voluntarily provide their content" to Google, William Easton, Facebook's managing director for Australia and New Zealand, wrote in a blog post.

The Australian federal government has said it still plans to put the laws - which effectively force Google and social media giant Facebook to strike deals with media companies or have fees set for them - to a vote in the coming weeks.

It's in response to a new law that would see Facebook pay media companies for displaying news content on the platform.

Facebook has banned Australian news.

"He raised a few remaining issues with the Government's news media bargaining code and we agreed to continue our conversation to try to find a pathway forward".

"The negotiations with Google recognise the value of quality and original journalism throughout the country and, in particular, in regional areas", said Seven West chairman Kerry Stokes in a statement.

Despite amendments along the way, the Code has been branded by Google and Facebook as "unworkable" in its current form, and saw Google threaten to remove its search services from Australia entirely should it be adopted.

Cutting off that distribution channel will undoubtedly hurt publishers, but it will also harm Facebook users in Australia who access news through the social network.

In Australia, the country's two largest free-to-air television broadcasters have struck deals with Google collectively worth A$60 million ($47 million) a year, according to media reports.

Australia, France, Germany, the European Union and Britain are all moving to varying degrees toward stronger regulation of social-media platforms in terms of hate speech and compensation for news publishers.

News Corp. launched a site called Knewz.com previous year as an alternative to Google search, in hopes that it would become the new way readers sought out journalism.

The study concluded that this posed a threat to Australia's print media.

In a surprise doorstop this afternoon, Mr Frydenberg said agreements between news creators and Google "will help sustain public interest journalism in this country for years to come".

The discussion involving the proposed law centred on American-based tech firms such as Facebook, and how they benefited from news being shared on their platforms.

"Thirdly, we have sought to keep the major players in Australia, as you know, Google had talked about leaving Australia".

Separately, a hedge fund is taking control of the company that owns the Chicago Tribune, New York Daily News and other newspapers, stoking fears over more job cuts.

This should discourage both the platforms and media businesses from making unrealistic demands.

"It has always been incredibly hard for new players and publishers to build an audience on the platform since they made changes to their algorithm to focus on more personal news, but there are many other opportunities to grow an audience across other social platforms, through google and SEO as well as producing unique and engaging content".