Wall Street Journal: Markets Declare Truce in Copyright Wars, Google concedes that information isn't free:
"This shift by Google led Peter Osnos, founder of PublicAffairs books, to wonder if the book settlement could have lessons for other owners of content. "Google has now conceded, with a very large payment, that information is not free," Mr. Osnos wrote for the Century Foundation. "This leads to an obvious, critical question: Why aren't newspapers and news magazines demanding payment for use of their stories on Google and other search engines? Why are they not getting a significant slice of the advertising revenues generated by use of their stories via Google?"
Alas for the troubled news media industry, so much of its news is commoditized that people won't pay for it online. But as digital media mature, we'll see more redefinitions of legal concepts such as fair use. There will also be revisions of business practices regarding who gets paid what by whom. The Google settlement is a reminder that owners of intellectual property can choose to lock it away, give it away, or, most sensibly, share it in exchange for reasonable compensation.
http://online.wsj.com/article/SB122688619008032339.html
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