Google will pay $1 billion
for news over the next three years, the company announced in an Oct. 2 blog post.
The payments will come as part of the new Google News
Showcase, a product that will feature “the editorial curation of award-winning
newsrooms to give readers more insight on the stories that matter, and in the
process, helps publishers develop deeper relationships with their audiences,”
said the post.
News Showcase started rolling out last week to readers in
The post touted Google’s other moves in the industry over
the last several years, including the Google News
Initiative’s $300 million commitment.
Nieman Lab provided an analysis of Google’s latest move. “The
money, spread over three years and the entire globe, is welcome — but this is
PR, not a product,” it said.
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