Rupert Murdoch’s News Corp said it reached a three-year partnership with Google under which it will provide news content from publications worldwide in return for “significant payments by Google.”
Among the News Corp sites joining the Google News Showcase are the Wall Street Journal, Barron’s, MarketWatch, and the New York Post; the U.K.’s the Times and Sunday Times and the Sun; and in Australia, publications including the Australian, news.com.au, Sky News, and multiple metropolitan and local titles.
The deal comes after Google last month threatened to pull its search service out of Australia, following the government’s plans to enact legislation that would require tech platforms to pay for news. Instead, Google has been proactively reaching deals with news providers — with News Corp the latest, and biggest, partner so far.
In addition to Google’s payments to News Corp, the agreement also includes the development of a subscription platform by the internet giant; the sharing of ad revenue via Google’s ad technology services; and “meaningful investments in innovative video journalism” by YouTube.
The deal will have “a positive impact on journalism around the globe as we have firmly established that there should be a premium for premium journalism,” News Corp CEO Robert Thomson said in a statement.
More to come