Never miss a story

Get subscribed to our newsletter


×
FILE - A woman walks past the logo for Google at the China International Import Expo in Shanghai, Nov. 5, 2018. VOA

As small and medium newspapers shut shop and big media houses handed over pink slips to journalists worldwide, Google alone made a whopping $4.7 billion from its Search and Google News in 2018 – nearly as much as the entire US news industry made as a whole last year.

According to a report in The New York Times, compared to Google, the news industry in the US made an estimated $5.1 billion from digital advertising.


The report took the data from the News Media Alliance which represents more than 2,000 newspapers across the US.

“The journalists who create that content deserve a cut of that $4.7 billion. They make money off this arrangement and there needs to be a better outcome for news publishers,” David Chavern, President and chief executive of the alliance, was quoted as saying.

The alliance noted that its estimation is a conservative one, “as it does not include the value of personal data that Alphabet, Google’s parent company, gathers when users click on news articles”.

According to Chavern, an outcome of any conversation generated by the study would be the passage of the Journalism Competition and Preservation Act.

First introduced by Democrat David Cicilline in 2018, the bill would provide online publishers the opportunity to “collectively negotiate with dominant online platforms regarding the terms on which their content may be distributed”.


FILE – A man reads a newspaper reporting on the summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, at a newspaper stand in Seoul, South Korea, June 12, 2018. VOA

“The bill now before lawmakers would give news publishers a four-year antitrust exemption, allowing them to collectively bargain with the owners of online platforms over revenue splitting,” said the report.

Google was yet to comment on the study findings.

Nearly 40 per cent of the clicks on Google’s trending queries today are for news, which the tech giant does not produce itself.

Google and Facebook control the distribution of news and 80 per cent of external traffic is routed through these two companies to various news websites.

Also Read- Telecom Major Bharti Airtel Boosts 4G in Delhi-NCR

According to the New York Magazine, one in five local papers in the US has closed since 2004 and from 2008 to 2017, newsroom employment declined by 23 per cent, representing nearly 27,000 jobs.

The News Media Alliance would reportedly make the study public on Tuesday. (IANS)


Popular

Photo by Campaign Creators on Unsplash

Services and products, like at-home workouts, popped up all over social media from new and exciting businesses.

By- Laura

The pandemic brought about a global boom of entrepreneurship in 2020. Thousands of small businesses launched in the UK last year, and many were very successful. Some businesses started as passion projects, while others aimed to fill a hole in the pandemic market. Services and products, like at-home workouts, popped up all over social media from new and exciting businesses. The pandemic left many Brits financially unstable and scared for the future of their career. Launching their own business gave them something to focus on again and a small amount of income.

Keep Reading Show less
Wikimedia Commons

The brand focuses on creating quality products that are high efficacy made with all-natural and no chemicals in the formulae.

One of Indias fast growing Direct To Consumer (DTC) beauty and personal care brands, MyGlamm, launches its national TVC around the message 'All Natural #NoNasties today with actress Shraddha Kapoor, who is also an investor in the brand.

Kapoor who has a great millennial and Gen Z connect introduces 'My SUPERFOODS Kajal' which has No Parabens, No Mineral Oils, No Nasties while still being long-lasting and smudge-free and made with the goodness of nature. This is followed by many girls trying applying the kajal with confidence and while highlighting the ingredients Avocado Oil, Goji Berries, Vitamin E and Sunflower Seed Oil.

Keep Reading Show less
Pixabay

Phishing attacks targeting organisations rose up considerably during the pandemic.

Phishing attacks targeting organisations rose up considerably during the pandemic, as millions of employees working from home became a prime target for cybercriminals. A large majority (83 per cent) of IT teams in India said the number of phishing emails targeting their employees increased during 2020, according to a report by UK-based cybersecurity firm Sophos on Monday.

"It can be tempting for organisations to see phishing attacks as a relatively low-level threat, but that underestimates their power. Phishing is often the first step in a complex, multi-stage attack. According to Sophos Rapid Response, attackers frequently use phishing emails to trick users into installing malware or sharing credentials that provide access to the corporate network," Sophos' Principal Research Scientist, Chester Wisniewski said in a statement. The findings also reveal that there is a lack of common understanding about the definition of phishing. For instance, 67 per cent of IT teams in India associate phishing with emails that falsely claim to be from a legitimate organisation, and which are usually combined with a threat or request for information.

Scam Phishing Fraud The findings also reveal that there is a lack of common understanding about the definition of phishing. | Pixabay

Keep reading... Show less