Google is settling a copyright dispute with French news publishers by dumping 60 million euros ($81.98 million) into a digital publishing fund and agreeing to help publishers make money off online ads.
The search giant's executive chairman, Eric Schmidt, posted about the new fund in a blog post today, writing that these two initiatives would "help stimulate innovation and increase revenues for French publishers."
Schmidt makes no mention of a settlement in his post, but Google has confirmed that these actions resolves a case in which news publishers said Google's practice of linking to news articles is copyright infringement. The resolution also means Google will not have to pay for the news "snippets" that appear in its search results.
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The company struck a similar deal with Belgium newspaper publishe... [Read more]
by Donna Tam via CNET
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