Google cuts funding deal to support California news media, taxpayers also on the hook

A two-year bipartisan effort by California lawmakers to make internet search and social media companies Meta and Google pay publishers of newspapers for using their reports ended Wednesday in a negotiated deal in which Google will contribute toward $250 million over five years to support newsrooms and an artificial intelligence incubator.

The deal scuttles two proposed bills — AB 886, the Journalism Preservation Act, which was modeled on laws in Canada and Australia that require the tech giants to pay news organizations, and SB 1327, which would have supported them through a tax on gathering user data.

The Chamber of Progress, a lobbying group representing Google, Meta and other technology companies, called the deal a “win for Californians who care about local news,” and said it would provide “real financial support for California news gathering.”

But a journalist union leader and the author of one of the bills blasted the agreement as inadequate.

“This was a total rout,” said Matt Pearce, president of the Media Guild of the West which represents journalists, who argued the agreement leaves the state paying more to support news organizations than Google. “Taxpayers are staking their own money to pay into a journalism fund. The state is now on the hook more than Google.”

State Sen. Steve Glazer, an Orinda Democrat and author of SB 1327, said in a video call Wednesday the deal “does not provide sufficient resources to bring independent news gathering in California out of its death spiral.” The payments from Google are “completely inadequate,” and “massively short” of the $74 million a year the company agreed to pay in a similar settlement in Canada, Glazer said.

Lee Hepner, an antitrust lawyer at the American Economic Liberties Project, noted during the call that California’s economy is larger than Canada’s.

Assemblywoman Buffy Wicks, the Oakland Democrat who authored AB 886, described the deal in a news release as “a first-in-the-nation partnership with the state, news publishers, major tech companies and philanthropy” that would also pay for a new “National AI Innovation Accelerator.”

The announcement from Wicks’ office said funding would “include contributions from technology platforms and the State of California.” A majority of the funding would go to newsrooms, the announcement said.

“The goal is to front-load $100 million in the first year to kick-start the efforts,” the announcement said.

The agreement comes amid a crisis in the news industry in California and much of the world. Wicks noted in a June legislative hearing that news outlets have “downsized and closed at alarming rates.”

Wicks’ office said the agreement replaces her bill and Glazer’s.

Under the deal, California is to pay $30 million the first year and $10 million in each of the next four years into a journalism fund to be established at the UC Berkeley School for Journalism, Wicks’ office said. Google, in the first year, would pay $15 million into the fund and $5 million to the AI accelerator, and add $10 million to “existing journalism programs.” In each of the next four years, the Mountain View digital-advertising giant would pay $10 million into the fund and $10 million into the existing programs.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Chronicles Live is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – chronicleslive.com. The content will be deleted within 24 hours.

Leave a Comment