Aug 22, 2024 01:41 PM IST
Aug 22, 2024 01:41 PM IST
Google has brokered a deal with California lawmakers to provide millions of dollars to local newsrooms, according to a Politico report, which added that this resulted in sharp criticism from journalists and Democratic lawmakers.
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Google’s deal is the latest among a series of global efforts, especially in countries like Australia and Canada, where tech companies support the journalism they profit from, according to the report which added that this was because the media industry has seen a decline as readership migrated online and advertising dollars evaporated, resulting in thousands of job cuts globally.
The deal states that Google and the state of California would be jointly contributing money over five years to support local newsrooms, excluding broadcasters, using a“News Transformation Fund” housed at UC Berkeley’s journalism school.
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Google would be giving $110 million and the state would give $70 million, the report quoted Assembly member Buffy Wicks, an Oakland Democrat who led the negotiations for the deal, as saying.
The funding is also earmarked for artificial intelligence (AI), which stoked fears in many journalists that their jobs could be replaced.
Democratic legislators felt that Google was using its influence to get favourable terms from Sacramento.
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However, the California News Publishers Association supported the deal, calling it a “first step” in steering journalism towards a more sustainable business model, and journalist union Media Guild of the West, said that the deal would not alter the Google’s vast power over newsrooms.
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