Saturday, November 23rd, 2024

Google made $4.7 billion from the news industry in 2018


10 June 2019  

Time taken to read : 2 Minute


  • A
  • A
  • A

Washington:  Google made $4.7 billion from its Search and Google News in 2018. According to a report in The New York Times, the news industry in the US made an estimated $5.1 billion from digital advertising.

The report took the data from the News Media Alliance which represents more than 2,000 newspapers across the US.

“The journalists who create that content deserve a cut of that $4.7 billion. They make money off this arrangement and there needs to be a better outcome for news publishers,” David Chavern, President and chief executive of the alliance said.

The alliance said, “as it does not include the value of personal data that Alphabet, Google’s parent company, gathers when users click on news articles”.

According to Chavern, an outcome of any conversation generated by the study would be the passage of the Journalism Competition and Preservation Act.

Google was yet to comment on the study findings.

Nearly 40% of the clicks on Google’s trending queries today are for news, which the tech giant does not produce itself.

Google and Facebook control the distribution of news and 80% of external traffic is routed through these two companies to various news websites.

According to the New York Magazine, one in five local papers in the US has closed since 2004 and from 2008 to 2017, newsroom employment declined by 23%, representing nearly 27,000 jobs. (Agencies)

Publish Date : 10 June 2019 14:30 PM

Today’s news in a nutshell

Khabarhub brings you a glimpse of major developments of the

KMC imposes Rs 100,000 fine on ruling CPN-UML

KATHMANDU: Kathmandu Metropolitan City (KMC) has imposed a fine of

PM Oli urges industrialists to invest in Nepal

KATHMANDU: Prime Minister (PM) KP Oli, also the Chairperson of

Unity process among Maoist factions has begun: Prachanda

MUGLIN: Pushpa Kamal Dahal ‘Prachanda,’ Chairman of the Maoist Center,

Karnali province government working in a way people can feel: CM Kandel

JUMLA: Karnali Province Government Chief Minister Yamlal Kandel has said