Newspaper Society Asks Google To Raise Publisher Share In Ad Revenue To 85%

Indian Society (INS), which represents print media houses, on Thursday asked to increase the publisher share of advertising revenue to 85 per cent.

It also asked the technology giant to ensure more transparency in the revenue reports provided to publishers.

In a letter to India, INS President L Adimoolam said publishers are facing a "very opaque advertising system", as they are unable to get details of Google's advertising value chain.

INS has asked to compensate the Indian newspapers "comprehensively" for using contents published by them and to share its advertising revenues properly.

"The Society insisted that Google should increase the publisher share of advertising revenue to 85 per cent, and also ensure more transparency in the revenue reports provided to publishers by Google," said INS in a statement.

Content generated and published by newspapers at the considerable expense is proprietary, said INS while pointing out that it is this credible content that has given Google the authenticity in India ever since its inception.

"It has demanded Google should pay for generated by the newspapers which employ thousands of journalists on the ground, at considerable expense, for gathering and verifying information," it said.

Pointing out that publishers have been providing complete access to "quality journalism with credible news, current affairs, analysis, information and entertainment", INS said there is a huge distinction between the editorial content from quality publications and fake that is spreading on other information platforms.

INS has also noted the development taken place in Australia and some other countries in this regard. It said that over the past year, publishers across the world have been raising the issue of fair payment for content and of proper sharing of advertising revenue with Google.

"It is also noted that Google has recently agreed to better compensate and pay publishers in France, the European Union and notably in Australia," said INS.

The Society has also pointed out that advertising has been the financial backbone of the industry.

"However, publishers are seeing their share of the advertising pie shrinking in the digital space, even as Google is taking a 'giant share of advertising spends', leaving publishers with a small share," it said.

INS has also raised the issue of giving greater prominence to editorial content from registered news publishers to tackle fake news, as Google picks up content from several sites that are not credible, thus "amplifying misinformation and propagation of fake news".

Pointing out that the INS is engaged in discussions with Google on these vital issues, the letter also reiterated that "Indian print media is the most credible source of news and information in the country, and newspapers play a vital role in nation-building".

It also added that the pandemic and the current digital business model have been unfair to publishers, making it unviable for the print media industry. "We invest heavily on journalism, the core of our news operations because newspapers play a vital role in the society.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more