Breaking News
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade GOOG now with 

Google Inc. (GOOG: Quote) 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%.

Click here to receive FREE breaking news email alerts for Google Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. After ending the previous session modestly lower, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day more than offset yesterday's losses, lifting the major averages to their best closing levels in a month. Sen. Lindsey Graham, R-S.C., is seen as a long shot for the Republican presidential nomination in 2016, and his chances may have gotten worse after he was recorded joking about the prospects for "white men" if he were elected president.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.