Google strikes deal with News Corp amid pressure on regulation

Google has agreed to make “significant payments” to Rupert Murdoch’s News Corp. for content, the companies said Wednesday as tech firms face growing pressure to pay for news from an Australian-led initiative.

A joint statement called the deal a “historic multiyear partnership” that would see Google feature news from the media giant as part of the Google News Showcase.

The three-year agreement also includes the development of a subscription platform, the sharing of ad revenue and “meaningful investments in innovative video journalism” by Google’s video-sharing site YouTube.