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October 22, 2017 10:00 pm

Google Says It Hasn't Promised To Help News Sites By Sharing Money and User Data

UPDATE (2:53 PST): Google say it hasn't lined up any deals to share revenue and user data with online news sites, calling Sunday news reports "totally wrong." "We have not reached any conclusions on the revenue side," Google spokeswoman Maggie Shiels told CNET. "We haven't reached any conclusions [regarding] subscriptions and need to speak to publishers." An anonymous reader shared the text of CNET's original report:The web giant is planning to share a chunk of its revenue with publishers, the Financial Times reported Sunday. Google's plan is to mate its treasure trove of personal data with machine learning algorithms to help news publications grow their subscriber base, the newspaper reported... The deal Google is offering to news publishers will reportedly be similar to the arrangement Google has with traditional advertisers through its AdSense business. "We want to have a healthy ecosystem where we'll benefit both as a society and with our business," Richard Gringas, Google's head of news, told the FT. Financial Times claimed that Google had promised that the revenue sharing "will be very, very generous," while TechCrunch had reported that Google would also be claiming "a 30% finder's fee" for every new subscriber.

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