Public financial disclosures or announcements from Google or the Canadian Journalism Collective

CRTC Grants Google 5-Year Exemption from Online News Act, Orders $100M Annual Payment to Canadian Journalism Collective

Oct 28, 2024, 08:40 PM

The Canadian Radio-television and Telecommunications Commission (CRTC) has approved a five-year exemption for Google from the Online News Act, requiring the tech giant to pay $100 million annually to the Canadian Journalism Collective (CJC). This payment is to be distributed to news outlets within 60 days. The CRTC's decision includes stipulations such as excluding freelancers from the employee calculation and allowing a 2% administrative fee for the CJC, while also maintaining transparency and provisions against undue preference for Google. This move marks a significant development in the relationship between technology companies and Canadian media.