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Canadian print media will receive nearly two-thirds of the C$100 million (US$75 million) annual payment Google makes to the country’s news media in exchange for distribution of its content, the federal government announced.

In late November, after months of negotiations, Ottawa and Google announced a “historic” agreement, under which the tech giant would pay compensation to Canadian media companies for lost advertising revenue.

“The share that television and radio will receive is capped at 30 percent, CBC/Radio-Canada (Canada’s public broadcaster) at seven percent, leaving the remaining 63 percent for print media,” said an official. federal government to journalists during a press briefing.

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Most of the payments will go to print media, as these outlets are “entirely dependent” on online platforms to distribute their content, the official added. “Canada has achieved something historic,” Canadian Heritage Minister Pascale St-Onge told reporters.

He reminded the editors that they are going through a crisis that affects journalism, the foundation of our democracy.

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Canada’s deal with Google is part of the Online News Act, which aims to prop up a struggling Canadian news sector that has seen advertising revenue lost and hundreds of publications shut down over the past decade. The law takes effect Tuesday.

Meta, Facebook’s parent company which is also affected by the new legislation, still opposes the text, calling it “fundamentally flawed.”

Since August 1, Facebook and Instagram have blocked news content in Canada to avoid having to pay compensation to media companies. Many Canadian media outlets are experiencing financial difficulties, with some announcing layoff plans in recent weeks. (AFP/Z-3)