"Less than two weeks after the European Commission filed antitrust charges against Google for abusing its dominant position in online search, the company said it would spend 150 million euros, or $165 million, over the next three years to help European publishers and newspapers adapt to the digital world. And by announcing the plan, the Digital News Initiative, Google was trying to assuage fears from many European newspapers, including Axel Springer of Germany, that the search giant held too much control over how Europeans access online content, analysts said. Google has a roughly 90 percent market share across the 28-member bloc, more than its stake in the American market. The creation of Google’s program also comes before new potential problems for the company in Europe, including potential changes to Europe’s copyright rules."
Wednesday, April 29, 2015
Google Reaches Out to European Publishers, With $165 Million in Hand; New York Times, 4/28/15
Mark Scott, New York Times; Google Reaches Out to European Publishers, With $165 Million in Hand: