A group of news organizations and academics met in Johannesburg in July 2023 to draft global principles for platform remuneration and called for transparency of agreements, commitments by publishers to use platform payments for news, and for inclusive agreements which include smaller outlets that have less bargaining power than big ones. Since then, publishers and governments around the world have continued efforts to get Google to pay more for news, knowing that the threat of regulation is helping them extract funds from Google.
Our example, our recent Columbia University working paper, 'Paying for News: What Google and Meta Owe U.S. Publishers,' found that the bilateral agreements between these platforms and news editors do not reflect a 'fair and representative' payment for the value of media content. The report's methodology suggests that platforms should pay US publishers between $11.9 billion and $13.9 billion annually. In Canada, publishers received far less than a fair price when they settled with Google in November.
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