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News Corp. Reaches Agreement With Google On Payments For Stories, New Subscription Platform – Deadline

Rupert Murdoch’s News Corp has announced a “historic” three-year partnership with Google to deliver journalism from its news sites around the world in return for large payments from Google.

He did not disclose payment terms, but said publications joining the Google News Showcase include the Wall Street Journal, Barron’s, MarketWatch and the New York Post in the United States; The Times and The Sunday Times and The Sun in the UK; and, in Australia, a range of platforms including The Australian, news.com.au, Sky News and several metropolitan and local titles.

Compensation for Google and Facebook publishers has become a major battleground in Australia and some European countries. The Australian Parliament is debating legislation that would require digital platforms to negotiate payment for the use of their information with media companies. The new law would require binding arbitration if the two parties cannot come to an agreement. Technology platforms should also give publishers collective bargaining power and notify them of any algorithm changes that would have a significant impact on traffic.

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The News Corp. includes the development of a subscription platform, the sharing of advertising revenue through Google’s advertising technology services, the cultivation of audio journalism and significant investments in innovative video journalism by YouTube.

News Corp. CEO Robert Thomson said the deal would “positively impact journalism around the world, as we have firmly established that there should be a premium for quality journalism.”

“I want to thank Sundar Pichai and his team at Google who have shown a thoughtful commitment to journalism that will resonate in all countries. It has been a passionate cause for our business for over a decade and I am happy that the terms of trade are changing, not only for News Corp, but for every publisher, ”he said. “The deal simply wouldn’t have been possible without the strong and unwavering support of Rupert and Lachlan Murdoch, and the Board of Directors of News Corp. For many years we have been accused of looking into technological windmills, but what was a lonely campaign, a pipe dream, has become a movement, and journalism and society will be improved.

Thomson also thanked the Australian Competition and Consumer Commission, Australian Prime Minister Scott Morrison and Treasurer Josh Frydenberg, who have stood firm for their country and for journalism.

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