Benzinga | Feb 17, 2021 09:07AM EST

News Corp Announces Agreement With Google To 'provide trusted journalism from its news sites around the world in return for significant payments by Google'

Long-term Deal Involves Payment For Premium Content For Google News Showcase;

Will Yield Substantial Benefits For Journalism And Society

News Corp announced today that it has agreed to an historic multi-year partnership with Google to provide trusted journalism from its news sites around the world in return for significant payments by Google.

Among the News Corp publications joining Google News Showcase will be The Wall Street Journal, Barron's, MarketWatch, and the New York Post; in the UK: The Times and The Sunday Times, and The Sun; and in Australia a range of news platforms, including The Australian, news.com.au, Sky News, and multiple metropolitan and local titles.

The landmark three-year agreement also includes the development of a subscription platform, the sharing of ad revenue via Google's ad technology services, the cultivation of audio journalism and meaningful investments in innovative video journalism by YouTube.

Robert Thomson, Chief Executive of News Corp, said that the deal would have "a positive impact on journalism around the globe as we have firmly established that there should be a premium for premium journalism.

"I would like to thank Sundar Pichai and his team at Google who have shown a thoughtful commitment to journalism that will resonate in every country. This has been a passionate cause for our company for well over a decade and I am gratified that the terms of trade are changing, not just for News Corp, but for every publisher.

"The deal simply would not have been possible without the fervent, unstinting support of Rupert and Lachlan Murdoch, and the News Corp Board. For many years, we were accused of tilting at tech windmills, but what was a solitary campaign, a quixotic quest, has become a movement, and both journalism and society will be enhanced.

"Particular thanks are certainly due to the Australian Competition and Consumer Commission's Rod Sims and his able team, along with the Australian Prime Minister, Scott Morrison, and Treasurer Josh Frydenberg, who have stood firm for their country and for journalism."