Google paying $1 billion to publishers for content in new News Showcase

Google is planning on paying news publishers more than $1 billion for a new initiative dubbed Google News Showcase, a project aimed at creating and curating high-quality journalism.

Credit: Google
The search giant first announced that it was developing a "new news experience" over the summer, suggesting that it will pay publishers and media outlets to license content. In a blog post on Oct. 1, Google and Alphabet CEO Sundar Pichai said that the company will pay publishers more than $1 billion over a three year period to "create and curate high-quality content" for Google News Showcase.

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