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Google Threatens To Pause Google News Initiative Funding In US

Google has warned nonprofit newsrooms that a new California bill taxing Big Tech for digital ad transactions would jeopardize future investments in the U.S. news industry. "This is the second time this year Google has threatened to pull investment in news in response to a regulatory threat in Califo...

Google has warned nonprofit newsrooms that a new California bill taxing Big Tech for digital ad transactions would jeopardize future investments in the U.S. news industry. A spokesperson for the Institute for Nonprofit News said the organization believes that grants previously committed through GNI as described here"are secure, so INN members should continue to benefit through this particular Fundamentals Labs program." Google's concern, sources familiar with the company's thinking told Axios, is that the new California ad tax bill could set a troubling wider precedent for other states.

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