Wednesday, June 28, 2017

News Corp, Axel Springer Applaud $2.7 Billion Fine Levied Against Google

By Hollywood Reporter, June 27, 2017

Major media companies have a well-documented love-hate relationship with tech giants like Google and Facebook. While publishers rely on both companies for distribution, and share digital advertising revenue with both, there are some in the media industry who believe the companies are enjoying a one-sided relationship. Some of these companies have whispered quietly about taking collective action against Google and Facebook, but nothing has materialized yet in the U.S.

Considering the antipathy felt toward Google and Facebook, it didn't come as a total surprise that some companies that operate in Europe celebrated the announcement Tuesday that the European Commission has fined Google $2.7 billion for unfairly prioritizing in search results the company's own comparison shopping service.

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