Facing a proposed law to compel internet companies to pay news organizations, Google has announced deals with Rupert Murdoch's News Corp. and Seven West Media. No financial details were released. The Australian Broadcasting Corp. is in negotiations.
In Europe, Google had to negotiate with French publishers after a court last year upheld an order saying such agreements were required by a 2019 European Union copyright directive. Last year, Facebook announced it would pay U.S. news organizations including The Wall Street Journal, The Washington Post and USA Today for headlines. No financial details were released.WHY DOES THIS MATTER?
The government acted after its competition regulator tried and failed to negotiate a voluntary payment plan with Google. The proposed law would create a panel to make binding decisions on the price of news reports to help give individual publishers more negotiating leverage with global internet companies.Google's agreement means a new revenue stream for news outfits, but whether that translates into more coverage for readers, viewers and listeners is unclear.
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