Google pledges $1 billion over 3 years to pay news publishers for content
Google has announced a $1 billion investment over three years to start paying news publishers for content and to support the launch of a new product dubbed the “Google News Showcase.”
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Logos for the tech company Google are displayed on computer screens in a picture taken on Nov. 20, 2017.
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.