Posted on 02/18/2021 1:48:31 PM PST by Magnatron
News Corp struck a global news deal with Alphabet Inc's Google, the Rupert Murdoch-controlled media company said on Wednesday, in one of the most extensive deals of its kind with big tech.
The companies will develop a subscription platform, share advertising revenue through Google's ad technology services, build out audio journalism and develop video journalism by YouTube. The deal comes after years of public feuding between Murdoch and Google, most recently in Australia, where Google has threatened to shut down its search engine to avoid "unworkable" content laws.
It is a capstone for the 89-year-old media mogul, his son Lachlan and News Corp Chief Executive Robert Thomson to seek compensation for premium content from platforms. Murdoch previously secured payments from Apple Inc and Facebook Inc for their Apple News and Facebook News products.
The company declined to comment on financial details of the deal, which it said involved "significant payments" by Google.
(Excerpt) Read more at newsmax.com ...
FOX... Just keep right on sucking their butts and supporting them. Dumped them in 2008. Fool to support them even one day after.
I watched Tomorrow Never Dies not long after Donald Trump was inaugurated, and I remember thinking to myself that with our current media, Elliot Carver is very much realistic villain. The movie was 20 years ahead of its time, and in retrospect, twenty years later, underrated.
It was prescient.
Good news Sunday👍👏😃
Business
Shared from Chicago, IL
‘Destroyer of Newspapers’ To Purchase Chicago Tribune Publishing
Tribune Publishing agrees to sell the Chicago Tribune and nine other newspapers to Alden Global Capital for $630 million.
Alden Global Capital owns about 200 newspapers and has a reputation for slashing newsroom budgets and laying off reporters and editors. For years, it has been known as the “destroyer of newspapers,” and earlier this month, Vanity Fair called Alden the “hedge fund vampire that bleeds newspapers dry.”
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