Google signs deal with organization to distribute $100M to Canadian news companies

Google announced which organization it has selected to distribute the $100 million the tech giant has promised to Canadian news companies Friday.

Google agreed to pay Canadian news publishers $100 million annually, indexed to inflation, in order to be exempt from the Online News Act, which compels tech companies to enter into agreements with news publishers.

The Canadian Journalism Collective will be responsible for ensuring eligible news organizations get their share of the money.

The collective is a federally incorporated non-profit organization that was created for this purpose, and was founded in May by a group of independent publishers and broadcasters.