Google reaches deal with French websites

(Picture: AP)
(Picture: AP)

Paris - Google and France signed an agreement on Friday resolving a dispute with French news websites that sees the US internet search giant setting up a $82m fund to help old media adapt to the digital age.

"France is proud to have reached this agreement with Google, the first of its kind in the world," the French president's office said on Twitter after Francois Hollande and Google chief Eric Schmidt signed the accord.

Google will set up an $82m fund to help French media develop online projects, the French president's office said.

The president's office said the fund "will help the news press transition to the digital world".

Schmidt said on his Google blog: "A healthy news industry is important for Google and our partners, and it is essential to a free society."

The deal follows two months of mediation with French news websites, who were unhappy they were getting none of the advertising revenue Google earned from sending search clients to their news content.

The news websites had wanted Google to share revenue earned from linking to their content, but the California-based search engine had said the practice would "threaten [Google's] very existence".

While French news websites won't tap into Google's advertising revenue stream, the second part of the agreement will see the US company help them generate their own.

Schmidt said "Google will deepen our partnership with French publishers to help increase their online revenues using our advertising technology".

If no settlement had been reached the French government had threatened to introduce legislation, while Google warned it could retaliate by no longer indexing content from French news websites.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
Would you choose to continue working from home after the coronavirus lockdown if given the option?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, it's much better for me
40% - 7837 votes
No ways! I can't wait to get back to the office
12% - 2284 votes
A mixture of both would suit me best
48% - 9506 votes
Vote
USD/ZAR
14.17
(-1.6)
GBP/ZAR
19.52
(-1.6)
EUR/ZAR
16.95
(-1.7)
AUD/ZAR
10.98
(-1.2)
JPY/ZAR
0.13
(-1.4)
Gold
1,763.25
(+1.6)
Silver
25.84
(+1.7)
Platinum
1,196.50
(+1.9)
Brent Crude
66.58
(+4.6)
Palladium
2,745.14
(+2.5)
All Share
67,823
(+0.0)
Top 40
62,080
(-0.0)
Financial 15
12,342
(+1.5)
Industrial 25
88,642
(-0.2)
Resource 10
68,828
(-0.3)
All JSE data delayed by at least 15 minutes Iress logo