Canadian Government Reaches Deal With Google On Online News Act

An anonymous reader quotes a report from the CBC: Google and the federal government have reached an agreement in their dispute over the Online News Act that would see Google continue to share Canadian news online in return for the company making annual payments to news companies in the range of $100 million. Sources told Radio-Canada and CBC News earlier Wednesday that an agreement had been reached. Heritage Minister Pascale St-Onge confirmed the news Wednesday afternoon. "Many doubted that we would be successful, but I was confident we would find a way to address Google's concerns," she told reporters outside the House of Commons. The federal government and Google agreed on the regulatory framework earlier this week, a government source familiar with the talks told Radio-Canada. The federal government had estimated earlier this year that Google's compensation should amount to about $172 million. Google estimated the value at $100 million. The company said it would not have a mandatory negotiation model imposed on it for talks with Canadian media organizations, preferring to deal with a single point of contact. The new regulations will allow Google to negotiate with a single group that would represent all media, allowing the company to limit its arbitration risk. Google would still be required to negotiate with the media and sign an agreement. The digital giant could also add additional service contributions, which have yet to be specified.

Read more of this story at Slashdot.