Canada reaches deal with Google for online news

The federal government says Google agreed to a deal to pay Canadian media companies $100-million dollars annually for published content on the company’s platforms.

The move comes as the Trudeau government’s “Online News Act” is set to come into effect at the end of the year.

The legislation demands tech giants compensate news companies for their value.

Negotiations had been on-going since Google threatened to remove Canadian news from its platform back in February.

Sources close to those negotiations say the deal was reached sometime this week, and according to Ottawa’s projected contributions it was expecting from Google… the yearly payout is less than what was hoped.