Google settles French copyright complaint -- with 60M euros
Google is settling a copyright dispute with French news publishers by dumping 60 million euros ($81.98 million) into a digital publishing fund and agreeing to help publishers make money off online ads.
The search giant's executive chairman, Eric Schmidt, posted about the new fund in a blog post today, writing that these two initiatives would "help stimulate innovation and increase revenues for French publishers." He didn't provide details of how exactly either effort is supposed to work.
Schmidt didn't mention a settlement in his post, but Google has confirmed that these actions resolve a … Read more