Google Earned $4.7 Billion From News Without Creating Any Content

Amid the massive number of online activities, most of the news is coming from the Internet. Google, just due to the Google search engine and the Google News platform, has generated a significant amount of money from news content. In comparison, this notable figure is equivalent to which wholly news industry in the US had made in 2018. As per a study published by News Media Alliance, the search giant benefited a whopping ballpark of $4.7 billion from news sector, nearly matching to a total of $5.1 billion that hundreds of news companies in the industry have made last year.

To recall, Google hasn’t seen any kind of staggering rise in its news business before. Back in 2008, the company only made $100 million from it. Put aside the earnings data collected in the study, News Media Alliance unveiled that Google still yields profits from news without creating any exclusive content. For now, the immense popularity of social networks like Facebook and Google results in an estimated 80% of total traffic containing news content.

Besides, Chavern is expecting to wait for the bill of Journalism Competition and Preservation Act of 2018. With the support, online publishers will be associated in many negotiations with dominant platforms about how their news would be distributed across there.

Less pretty but more practical, Google hasn’t made any comment about the compiled numbers as well as issues related to news contents, while News Media Alliance is likely to announce its study on Tuesday. It’s also worth mentioning that a number of news publishers were not losing to the boom of social media. For example, mainstream media sites like The New York Times and Washington Post have still gained profits in returns.