A joint statement called the deal a "historic multiyear
partnership" that would see Google feature news from the media giant as
part of the Google News Showcase.
The three-year agreement also includes the development of a
subscription platform, the sharing of ad revenue and "meaningful
investments in innovative video journalism" by Google's video-sharing site
YouTube.
The move comes with Australia poised to adopt legislation
that would force digital companies to pay for news content, something that
would create a global precedent and, according to Facebook and Google, wreck
the way the internet works.
The outlets joining Google News Showcase will be News
Corp-owned Wall Street Journal, Barron's, MarketWatch and the New York Post in
the United States; British-based The Times and The Sunday Times, and The Sun as
well as a number of Australian media outlets including The Australian.
News Corp. chief executive Robert Thomson said that the deal
would have "a positive impact on journalism around the globe as we have
firmly established that there should be a premium for premium journalism."
He added: "For many years, we were accused of tilting
at tech windmills, but what was a solitary campaign, a quixotic quest, has
become a movement, and both journalism and society will be enhanced."
Earlier this week, officials in Sydney said Google and
Facebook were close to deals with major Australian media to pay for news.
Australian Treasurer Josh Frydenberg said talks with
Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai had made "great
progress" in resolving a standoff being closely watched around the world.
The companies have threatened to partially withdraw services
from the country if the rules become law, sparking a war of words with
Canberra.
The agreements could be enough to see Facebook and Google
avoid the most severe parts of the legislation -- including binding arbitration
to ensure they are not using their online advertising duopoly to dictate terms
in deals with media companies.
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