GOOGLE JUST BACKED A $250M DEAL WITH CALIFORNIA TO SUPPORT JOURNALISM

Summary from the TLDR Marketing newsletter

California's journalism industry has lost 68% of its workforce since 2005, prompting a $250 million deal with Google to support local newsrooms. The deal, which circumvents legislative efforts to tax tech companies, has been met with skepticism for its limited scope and the exclusion of other tech giants. Funds from the deal will be allocated over 5 years, with a focus on supporting underrepresented groups and AI innovation.