Under the terms of the agreement, the company will contribute $100 million in annual financial support, indexed to inflation, to link to Canadian news organizations’ content. Google will negotiate with a single collective to distribute its contribution to eligible news businesses—a key concern for the company, which argued that mandatory arbitration would encourage certain outlets to “hold out” rather than negotiate in good faith. (The Logic)

Talking point: The deal comes after a long standoff between the Liberal government and Big Tech giants Meta and Google over the Online News Act, which comes into effect Dec. 19.  Meta has already blocked Canadian news content from its platforms as a result of the legislation, while Google had threatened to do the same. The deal “will benefit the news sector and allow Google to continue to play an important role in giving Canadians access to reliable news content,” said Heritage Minister Pascale St-Onge in a statement. The government previously expected to get $172 million from the company.