Sundar Pichai, the CEO of Google parent company Alphabet Inc., announced the move Thursday in a blog post, opening up about “enduring” memories of his father reading the newspaper each morning.
“I have always valued quality journalism and believed that a vibrant news industry is critical to a functioning democratic society,” Pichai wrote.
The chief executive said the $1 billion investment in news publishers is their biggest financial commitment to journalism to date. He said the company is aiming to create a “different kind of online news experience” through the Google News Showcase.
Google has announced a new initiative called Google News Showcase that will pay select publishers for content the showcase is populated with. Currently, Google has set aside $1 billion to pay publishers over the next three years to get the initiative off the ground. In a blog post, Google CEO Sundar Pichai described Showcase as follows:
This financial commitment—our biggest to date—will pay publishers to create and curate high-quality content for a different kind of online news experience. Google News Showcase is a new product that will benefit both publishers and readers: It features 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.
But the Showcase initiative isn’t an altruistic move on Google’s part. The search giant has come under increasing pressure from publishers and regulators in recent years about the
Oct. 1 (UPI) — Tech giant Google said Thursday it has agreed to pay more than $1 billion to dozens of publishers for news content in the coming years, an answer to complaints that have been made for years by outlets.
Google said a new format, called the News Showcase, will allow publishers to decide what content will be displayed on its search platform.
The company said it will also pay some of the content producers to include premium articles at no cost to readers.
Google’s agreement will pay producers more than $1 billion over three years and will begin immediately.
“This financial commitment — our biggest to date — will pay publishers to create and curate high-quality content for a different kind of online news experience,” Google CEO Sundar Pichai said in a statement.
“This approach is distinct from our other news products because it leans on the editorial
Google said Thursday it will pay publishers more than $1 billion over the next three years to license news content for a new product called Google News Showcase.
The product will display story panels—teasers for articles in Google’s news section—complete with images and summaries selected by publishers. Users who click on the story panels will be taken directly to news organizations’ websites, where a story can be read in full.
The program is launching in Germany and Brazil. Google is in talks with publishers in other countries, including the U.S., according to people familiar with the matter. Google has already signed deals with nearly 200 publications, including Der Spiegel, Stern, Handelsblatt and Folha de S. Paulo.
Google News Showcase will be integrated into the Google News app and eventually will be available on Google Search. The company plans to include audio briefings and video clips later.
(Bloomberg) — Alphabet Inc.’s Google will start paying select media outlets to display curated content on its news app in a concession to the industry which has accused the search engine and other tech giants of unfairly using content for years.
The company has set aside more than $1 billion to cover the program’s first three years, and will extend the program beyond that, Google said in a statement on Thursday. The search giant will pay publishers to provide blurbs for its news app and to give readers free access to certain paywalled articles, Google said.
The Google News Showcase product, which launches Thursday in Brazil
The tech giant has signed licensing deals with about 200 publications in select countries with plans to add more and expand geographically.
Google, along with Facebook, controls a large share of the advertising dollars that once went to publishers in the news industry. Shrinking ad revenue has led to smaller newsrooms and diminishing resources for telling local stories. 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.
The licensing deals, previously announced in June, are part of a new product called News Showcase, where participating publishers can curate and decide for themselves how to present their content on the platform. The content is displayed as a “story panel,”