Google, a news industry trade group and key California lawmakers announced a first-in-the-nation agreement on Wednesday aimed at shoring up newsrooms in the state with as much as $250 million.
Through a mix of funding from Google, taxpayers and potentially other private sources, the five-year deal would let Google avert a proposed state bill that could force tech companies to pay news organizations when advertising appeared alongside articles on the tech company’s platform.
Read more at the New York Times.