Chances are “pretty good” that Google's precedent-setting decision in December to compensate Canadian news sites $100 million for the use of their content could translate into billions of dollars in payouts to local news sites in the U.S. So says Conan Gallaty, chairman and CEO of the Tampa Bay Times and Times Publishing Co, who predicts that U.S. news organizations could receive an $11 billion windfall a year if the bill passes.
“If you are in the local news business, the chances of a windfall — and a continued windfall because it wouldn't just be a one-year payment, it would be an ongoing payment — those chances are building by the day. There's a lot of strong momentum,” he said Tuesday at Borrell Miami.
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