Google has vowed to pay over $1 billion in the next three years through a new program for licensing news.
(CNN Business) Google will pay publishers more than $1 billion over the next three years through a new program for licensing news.
The billion dollar spend on licensing news is Google’s way of showing publishers it is committed to paying for high quality journalism and sustaining a struggling industry.
Google and Facebook Inc. have faced heat from news executives and regulators around the world who’ve urged the platforms to pay for the rights to host news articles.
Publishers argue that their journalism is what’s drawing users to those platforms, while the two tech giants are capturing most of the online ad dollars. Thursday’s launch builds on a licensing program Google announced in June to “pay publishers for high-quality content.”
“Google News Showcase lets publishers curate stories on the news that matters, develop deeper relationships with readers and provides a new revenue stream for essential reporting,” Brad Bender, a Google vice president, added.
