Business
Google denies Peter Costello’s claim it uses Australian news content to boost revenue – The Guardian
Nine chairman says company invests millions of dollars in content that Google and facebook use to bloster their platforms
Google Australia has said a claim by the Nine Entertainment chairman, Peter Costello, that the global search engine profits from local news content was demonstrably incorrect.
Costello told Nines annual general meeting that the company invested $1bn this financial year in premium content across its platforms which include Channel Nine, nine.com.au, the Sydney Morning Herald and the Age but Google and Facebook use this content to generate revenue and build their platforms.
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