Google reduces funding for local news outlets – Palo Alto Daily Post

Google reduces funding for local news outlets – Palo Alto Daily Post

Last year, Google said it would pay $15 million into a fund to support local journalism if the Legislature would drop plans to tax the company for the news it takes from local news outlets. The legislature accepted Google’s offer. Now the Mountain View-based company has said it will reduce its contribution to a local news fund by $5 million. The company will now pay $10 million into the initiative to fund local news which will be distributed amo…

Google's Local News Cuts: A Warning for the AI-Driven Future?

Local news outlets are the lifeblood of communities, but they’ve faced immense financial pressure for years. Initiatives like Google’s fund for California news publishers were seen as a crucial lifeline, especially as the digital landscape evolves. However, recent reports that Google is reducing its support to this local news fund are raising concerns, particularly when we consider the growing impact of AI platforms on online content. Last year,…