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Google will pay News Corp for premium Google News content

News Corp announced Wednesday that it has signed a three-year partnership with Google to provide journalism from a number of its news sites around the world to be featured on Google News Showcase, "in return for significant payments by Google."

U.S. publications that form part of the agreement are The Wall Street Journal, Barron's, MarketWatch and the New York Post.

News Corp said the deal includes "the development of a subscription platform, the sharing of ad revenue via Google's ad technology services, the cultivation of audio journalism and meaningful investments in innovative video journalism by YouTube."

"I would like to thank Sundar Pichai and his team at Google who have shown a thoughtful commitment to journalism that will resonate in every country," Robert Thomson, chief executive of News Corp, said in a statement. "This has been a passionate cause for our company for well over a decade and I am gratified that the terms of trade are changing, not just for News Corp, but for every publisher."

"Particular thanks are certainly due to the Australian Competition and Consumer Commission's Rod Sims and his able team, along with the Australian Prime Minister, Scott Morrison, and Treasurer Josh Frydenberg, who have stood firm for their country and for journalism," he added.

The news comes just a day after Google announced content deals with two of Australia's largest media groups, which was itself seen by some as a softening after the company had threatened to remove search from Australia during discussions about paying for news content.

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