This agreement represents a major breakthrough in ensuring the survival of newsrooms and bolstering local journalism across California - leveraging substantial tech industry resources without imposing new taxes on Californians.
The money would be distributed by a seven-member board that allocates money to news organizations based on the number of journalists employed by each outlet.
Google would contribute $15 million to the UC-Berkeley fund in the first year and $10 million to $20 million in each of the following four years.
The settlement kills two bills Google had opposed: AB886, which would have required Google and Meta to share with news organizations their advertising revenue.
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