Mel Silva, Managing Director of Google Australia and New Zealand, appeared before a public hearing of the Senate Economics Legislation Committee that is reviewing a proposed new law called the News Media Bargaining Code.
The lawsuit filed on Wednesday in the US District Court for the Eastern District of Texas alleges that Google entered into an anticompetitive agreement with Facebook to boost its online advertising business.
The $1 billion investment is another step from Google to support the news industry.
"We're adding additional partners to the product test and are actively working to measure subscriber retention driven by account linking, and other approaches to measuring impact for publishers."
In late June, the tech giant launched a licensing programme to pay for quality content from publishers for an upcoming news experience.
"Publisher verification helps admins and end-users understand the authenticity of application developers. Over 660 applications by 390 publishers have been verified thus far."
Google on Thursday announcing a new licensing programme to pay publishers for high-quality content to help them weather the Covid-19 crisis.
"When you tap one of these results to view the image in a larger format, you'll see a summary of the fact check that appears on the underlying web page."
"Our research indicates that people on Facebook want a wide variety of news, so we're working to ensure that we have sufficient content to meet those interests."
"This collaboration is in line with our vision to strengthen the startup community and the overall development of the country."
Many news publishers globally use Google Ad Manager to support their digital businesses with advertising.
The "News" tab will have topic sections to dive deeper into the business, entertainment, health, science and tech and sports.
Facebook is in talks with news publishers to offer as much as $3 million for the rights to publish content on its upcoming news tab.
For Live Videos, the company will expand the features available to Facebook Pages to encourage live broadcasting by professionals on its social network.
The section would reportedly be free for users, though Facebook might pay publishers whose work is featured.
"The Accelerator has been designed by publishers for publishers," said Jim Friedlich, Executive Director of The Lenfest Institute for Journalism. "The workshop and grant programme addresses one of our most significant opportunities for new revenue to fund local journalism. We look forward to sharing the learnings with news organisations worldwide," he added.
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