Google made US$4.7 billion from the work of journalists last year via search and Google News, taking a huge cut from the online ad revenue of media houses which lost a crucial source of income, resulting in many of them getting shrunk or closed, reported the New York Times.
News is a significant part of Google’s business, according to a study to be released on Monday, June 10, by the News Media Alliance (NMA), which represents more than 2,000 newspapers across the US.
The journalists who create that content deserve a cut of that US$4.7 billion, president and chief executive of the NMA David Chavern was quoted as saying by The New York Times.
The California-based internet giant made the amount from the work of news publishers in 2018 via search and Google News, it reported.
That US$4.7 billion is nearly as much as the US$5.1 billion brought in by the United States news industry as a whole from digital advertising last year, the report claimed.
Full Content: New York Times
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