logo
Share SHARE
FONT-SIZE Plus   Neg

Google To Pay €60 Mln To Support Digital Publishing In France

Google Inc. (GOOG) agreed to pay 60 million euros or $82 million Digital Publishing Innovation Fund to help French media develop their presence on the Internet under a deal announced on Friday.

French publishers had been pushing for Google to pay them licensing fees for listing headlines and snippets of articles in its search engine results.

Under the agreement, Google would create the new fund and work with French publishers to help increase their online revenues, "using our advertising technology." Google's Executive Chairman Eric Schmidt said in a company blog post.

Schmidt noted that Google's action in France was announced jointly with France's president, François Hollande. The French government has been acting as an intermediary for the copyright dispute.

In December, the company settled a similar case with Belgian publishers
by helping them boost online revenue, but still faces a dispute with publishers in Germany.

Google closed Friday at $775.60, up 2.63 %, on a volume of 3.75million shares on the Nasdaq. But, in after hours, the stock down $0.40 or 0.05%.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations. Ford Motor Co.'s new CEO Jim Hackett has taken a more cautious approach to the automaker's plans for rolling out autonomous vehicles. Ford is currently undertaking a 100-day review of its operations and Hackett indicated at delays to the company's plans to launch a fully-autonomous vehicle by 2021.
comments powered by Disqus
Follow RTT