"France is proud to have reached this agreement with Google, the first of its kind in the world," said the President of the French administration in Twitter after Francois Hollande and CEO of Google, Eric Schmidt, signed the agreement.Google takes Regulation 60 million French news sites:
Google will create a € 60 million ($ 82 million) fund to help the French media to develop projects on the Internet, the office of French President said.Office of the president said that the funds "will release a new transition to the digital world."Schmidt said, Google in his blog, "healthy news industry is important for Google and its partners, and this is essential to a free society."
The agreement comes after two months of mediation with the French news websites, who were unhappy with the fact that they do not get ad revenue Google earned to send customers to search for their news content.News sites Google would share revenue from links to their content, but also search engine, based in California, said that the practice would "threaten (Google) very existence."
While the French news websites will not connect to the stream of advertising revenue Google, the second part of the agreement will allow American companies to create their own.Schmidt said: "We will strengthen our partnership with the French to help publishers increase their revenues by using our online advertising technology."If no settlement was reached, the French government threatened to introduce legislation, while Google has warned it could respond to indexing content instead of French news sites
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