Published January 04,2025
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Google has paid $CAN100 million ($69 million) to make use of news tales from Canadian media retailers on its platform, the tech firm stated Friday.
Canadian news retailers have been struggling to outlive and misplaced advert income to Google and Meta. Under the Online News Act, each firms have been advised to pay giant sums to the Canadian Journalism Collective (CJC) to compensate news media for utilizing content material. The cash will likely be disbursed to the media firms.
Meta refused to pay and has blocked Canadian news content material from its platforms, together with Facebook and Instagram to keep away from paying the CJC.
Under the Google deal, 30% of the $100 million will go to broadcasters and the remaining will likely be divided amongst news publishers.
News Media Canada President Paul Deegan advised AFP news that the funding will bolster money move for Canadian newsrooms, permitting them “to produce more high-quality coverage of our democratic institutions.” News Media Canada represents main news broadcasters and publishers.
At the identical time, the deal is sweet for Google as a result of it permits it entry to “fact-based, fact-checked content our journalists produce,” stated Deegan.
The non-profit CJC will divvy up the cash to Canadian news retailers.
Publishers will obtain $13,798 for every journalist employed, whereas small retailers — digital and print — will obtain $17,000 for every full-time journalist, the Canadian Broadcasting Corporation reported.
The cash is a big step within the federal authorities’s battle to have huge tech firms pay for utilizing Canadian news content material.
Under the phrases, Google receives a five-year exemption from the Online News Act.
Source: www.anews.com.tr