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Will California's local news industry revenue increase due to Google's deal by end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Financial reports from major local news outlets in California
Story
Google Reaches $110 Million Deal with California to Support Local News Industry
Oct 11, 2024, 05:15 PM
Google has reached a controversial deal with California lawmakers to support the state's local news industry. The agreement, which involves Google spending $110 million, was contingent upon securing taxpayer funding. The private negotiations revealed Google's significant influence and use of ultimatums to achieve the deal. This move aims to prop up the ailing journalism sector in California.
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Yes • 50%
No • 50%
Significant growth (over 10%) • 25%
Moderate growth (5-10%) • 25%
Minimal growth (under 5%) • 25%
No growth or decline • 25%
State government • 25%
Google • 25%
Other tech companies • 25%
Mixed sources • 25%
Increase by more than 20% • 25%
Increase by less than 20% • 25%
No significant change • 25%
Decrease • 25%
Yes • 50%
No • 50%
Mostly positive • 25%
Mostly negative • 25%
Neutral • 25%
No clear consensus • 25%
Yes • 50%
No • 50%
Even distribution among all outlets • 25%
Majority to top 5 outlets • 25%
Majority to regional outlets • 25%
Other distribution method • 25%