#12928157 at 2021-02-15 01:38:57 (UTC+1) Q Research General #16501: Now They'll Use The Criminal Courts To Go After President Trump Edition
Australia's Seven West Media strikes partnership with Google; tech giant will pay for news content
Seven West Media (ASX: SWM) today announced it has entered into a letter of understanding to form a long-term partnership with Google to provide news content to the Google Showcase product which launched in Australia in early February.
The agreement will be subject to executing a long form agreement within the next 30 days.
Seven West Media Chairman Kerry Stokes AC said: "This is a great outcome for Seven West Media and for Google."
"Our new partnership recognises the value, credibility and trust of our leading news brands and entertainment content across Seven and West Australian Newspapers.
"I'd like to thank Prime Minister Scott Morrison and the Chair of the Australian Competition and Consumer Commission, Rod Sims, with particular recognition of Treasurer Josh Frydenberg, who has been instrumental in the outcome of this ground-breaking agreement.
"Their outstanding leadership on the implementation of the proposed News Media Bargaining Code has resulted in us being able to conclude negotiations that result in fair payment and ensure our digital future," he said.
The negotiations with Google recognise the value of quality and original journalism throughout the country and, in particular, in regional areas.
"Google is to be congratulated for taking a leadership position in Australia and we believetheir team is committed to the spirit of the proposed code.
Mel Silva, Managing Director for Google Australia and New Zealand, said: "We are proud to support original, trusted, and quality journalism and are excited to welcome Seven West Media today as a major Australian publishing partner to join Google News Showcase."
Seven West Media is one of Australia's leading integrated media companies across broadcast, print and digital news and joins with 21 publications across a variety of titles as diverse as The West Australian, 7NEWS, PerthNow, the Albany Advertiser, the Geraldton Guardian and the Broome Advertiser.
"Our partnership with Seven West Media sees us make a substantial investment in the future of journalism not just across the metropolitan areas, but importantly in regional areas too where titles like the Kalgoorlie Miner and the Harvey-Waroona Reporter are at the heart of the local community," she said.
"Showcase has been very well received since its launch in Australia a little over a week ago with our publisher partners receiving one million views of their content in just eight days, demonstrating that Showcase offers a constructive path forward for publishers, readers, and Google."
Seven West Media Managing Director and CEO, JamesWarburton, welcomed today's announcement.
#12946320 at 2021-02-16 18:42:42 (UTC+1) Q Research AUSTRALIA #13 - THE WAR IS REAL Edition
Google closing in on news content deals with ABC, Nine, Guardian
Google has stepped back from a threat to shut down its search engine locally and is on the brink of striking commercial deals with some of Australia's largest news organisations after months of hard fought negotiations over planned media bargaining laws.
The ABC, Nine Entertainment Co (owner of this masthead) and Guardian Australia are in eleventh-hour negotiations with the $1.8 trillion tech giant for use of their content on various Google services. Industry sources briefed on the talks indicated the deals could be reached within 48 hours. However, while the talks are in advanced stages, there is no guarantee the agreements will be completed.
Google threatened to turn off its search engine in Australia in January in response to the laws. The search giant's progress on agreements with publishers will shift focus to Facebook, which is yet to strike any deals for its own news product and has threatened to pull journalism from its platform if the laws aren't revised.
Kerry Stokes' Seven West Media became the first of the major media companies to ink an agreement with Google on Monday.
The flurry of deals comes as the Federal Parliament prepares to debate the Morrison government's media bargaining code legislation this week, which would force Google and Facebook into mandatory arbitration with news publishers for payment for value they obtain from having news content in news feeds and search results.
While the publisher deals would allow Google to avoid a risky arbitration process, media executives still believe the legislation is crucial to ensure tech companies pay for news content and contribute to funding public-interest journalism.
Treasurer Josh Frydenberg confirmed the federal government had agreed to make some technical amendments to the bill following discussions with Facebook chief Mark Zuckerberg and Google boss Sundar Pichai over the weekend.
"These are improvements to the bill, these are technical in nature, but they also clarify the position of the government and I think they provide comfort to the players that we've got a workable code," Mr Frydenberg told Sky News. "We'll make those technical amendments public over the course of the next few days.
Mr Frydenberg also confirmed he would wait for more deals to be made before deciding whether to enforce the code against Google's search engine and Facebook newsfeed, or through their respective news licensing products: Google News Showcase and Facebook News.
News Showcase is a newly launched product available through Google's news app. Google pays publishers for certain behind-the-paywall articles that then appear on the platform.
"With respect to the designation of Search or Facebook, they are decisions that I would make after receiving the advice of the ACCC. But if there are commercial deals in place, then that becomes a different equation," Mr Frydenberg said.
Google has already struck commercial deals with a number of smaller Australian publishers for its Showcase product, including Crikey, The Saturday Paper and Australian Community Media, publisher of The Canberra Times.
Google and Facebook have been trying to quickly sign deals ahead of the introduction of the code, which could be legislated by the end of the week. The discussions were accelerated after high-level talks between Prime Minister Scott Morrison, Mr Frydenberg, Mr Zuckerberg and Mr Pichai.
Talks with other outlets such as Daily Mail Australia and News Corp Australia are ongoing. News Corp, which owns a string of papers in Australia as well as The Wall Street Journal and The Times of London, is expected to sign a global deal for its content.
Seven's deal will include News Showcase but could also include content on other Google-owned products such as YouTube and Subscribe with Google, a platform that helps news outlets engage with their subscribers. The company's chief executive JamesWarburton would not comment directly on the cost of the deal but said the money would be used to invest in journalism.
"It will improve the business, there's no doubt about that," Mr Warburton told The Sydney Morning Herald and The Age. "With The West Australian, we're one of the only publishers that's continued to invest in regional and community newspapers. What it does is it gives them a digital future and gives us some sustainability and a lot of that will drop to the bottom line and help us repay debt."
Mr Frydenberg said Mr Pichai had made clear in the discussion that Google wanted to remain operating in Australia.
#12930175 at 2021-02-15 05:13:36 (UTC+1) Q Research AUSTRALIA #13 - THE WAR IS REAL Edition
Seven West Media strikes partnership with Google that will see tech giant pay for news content
Seven West Media has struck a landmark agreement with Google that will see the tech giant pay for news content in its first significant deal globally with a major media company.
The Australian-listed company announced today it had entered into a Letter of Understanding to form a long-term partnership with Google, which includes providing news content to its Showcase product.
Kerry Stokes, chairman of Seven West Media, which publishes The West Australian as well as 19 regional papers and PerthNow, said the agreement was a great outcome for Seven West Media and Google.
"Our new partnership recognises the value, credibility and trust of our leading news brands and entertainment content across Seven and West Australian Newspapers," he said.
The deal comes after a Senate Committee last week endorsed the Federal Government's proposed media bargaining laws, which could force Google and Facebook to pay Australian media organisations for the news they use on their platforms.
The new laws, which have been pitched as a way to "safeguard public interest journalism", will be among the first in the world to demand that multi-billion-dollar tech firms share revenue with news outlets.
The laws, first drafted by the Australian Competition and Consumer Commission, will establish rules for negotiations between digital platforms and registered Australian news businesses over sharing revenue from the use of their content.
Mr Stokes thanked Prime Minister Scott Morrison, the Chair of the Australian Competition and Consumer Commission, Rod Sims, and Treasurer Josh Frydenberg, who he said had been instrumental in the outcome of the "ground-breaking" agreement.
He said the leadership shown by them in their push for the proposed News Media Bargaining Code meant Seven West Media could conclude negotiations that resulted in fair payment and ensure the company's digital future.
"The negotiations with Google recognise the value of quality and original journalism throughout the country and, in particular, in regional areas," Mr Stokes said.
He said he believed that Google was committed to the spirit of the proposed code.
Mel Silva, managing director for Google Australia and New Zealand, said the partnership with Seven West Media meant the teach giant would make a substantial investment in the future of journalism not just across the metropolitan areas, but importantly in regional areas too where titles like the Kalgoorlie Miner and the Harvey-Waroona Reporter were at the heart of the local community.
"Seven West Media is one of Australia's leading integrated media companies across broadcast, print and digital news and joins with 21 publications across a variety of titles as diverse as The West Australian, 7NEWS, PerthNow, the Albany Advertiser, the Geraldton Guardian and the Broome Advertiser," she said.
Ms Silva said Showcase had been well received since it launched in Australia just over a week ago. She said Google's publisher partners had received one million views of their content in just eight days.
JamesWarburton, chief executive of Seven West Media, said Google recognised the strength of the media company's audiences through its engaging content and leading platforms.
"We are excited to be partnering with them as we pursue the next stage of our Strategy," he said.
The LOU is subject to executing a long form agreement in the next 30 days.
Seven West Media said it would advise more details once the long form agreement was finalised.