Google to pay 60 mln euros into French media fund
PARIS (Reuters) - Google (GOOG.O) is to pay 60 million euros into a special fund to help French media develop their presence on the Internet under a top-level deal signed on Friday, but will not pay them for posting links to their content.
French publishers had been pushing for Google to pay them licensing fees for listing headlines and snippets of articles in its search engine results.
The agreement, signed by President Francois Hollande and Google's executive chairman Eric Schmidt, follows months of talks between local media companies and the Internet search giant which were brokered by a government-appointed mediator.
Google settled a similar case with Belgian publishers in December by helping them boost online revenue, but still faces a dispute with publishers in Germany.
Schmidt said in a Google blog post on Friday's deal in France that in addition to paying into the fund Google would help publishers increase their revenue using its advertising technology.
Hollande had threatened to draft legislation to force Google to pay media for posting links to their content if no deal was signed, and during the talks Google was hit with a tax audit over its practice of charging French advertisers via its European headquarters in Ireland.
In November satirical weekly Le Canard Enchaine had said the government had demanded 1 billion euros in back taxes from the company. (Reporting by Philippe Wojazer and Nicholas Vinocur; Editing by Mark John and Greg Mahlich)
- Tweet this
- Share this
- Digg this
- Verizon profit misses expectations, shares fall
- UPDATE 4-Zimmer to buy Biomet for $13.35 bln in latest consolidation
- UPDATE 4-Boy and girl on Korean ferry drowned with life jackets tied together
- Japan's NTT Docomo to exit Indian market - Nikkei
- UPDATE 2-U.S. proposal would ban e-cigarette sales to minors, allow advertising
Apple just bought itself some much-needed time. The company said it sold more iPhones in the March quarter than even the most bullish analysts had expected. It threw $30 billion more into a stock buyback programme. And profits grew 7 percent. Article | Video