Washington: As small and medium newspapers shut shop and big media houses handed over pink slips to journalists worldwide, Google alone made a whopping $4.7 billion from its Search and Google News in 2018 — nearly as much as the entire US news industry made as a whole last year. According to a report in The New York Times, compared to Google, 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. First introduced by Democrat David Cicilline in 2018, the bill would provide online publishers the opportunity to "collectively negotiate with dominant online platforms regarding the terms on which their content may be distributed". The News Media Alliance would reportedly make the study public on Tuesday.

Source: Mint June 10, 2019 05:14 UTC