It was reported yesterday that Google was planning on sharing a portion of its revenues with publishers. The report made it seem like Google was ready to throw a lifeline to struggling publishers. The company has now come out with an official statement and set the record straight. Google has refuted the report, saying that it’s “totally wrong.”
The Financial Times reported on Sunday that Google was planning to share a portion of its revenue with publishers. Google was reportedly going to combine its personal data store with machine learning algorithms to enable news publishers to grow their subscriber base.
The scribe had also claimed that the arrangement offered to news publishers would be similar to the arrangement that it has with conventional advertisers via its AdSense business.
In a statement provided to CNET, the company has said that the report is “totally wrong,” adding that the subscription project is still in early stages and that there are no deals with publishers as yet.
“We have not reached any conclusions on the revenue side,” said Google spokeswoman Maggie Shiels, confirming that “We haven’t reached any conclusions [regarding] subscriptions and need to speak to publishers.”
So while the company is working on a subscription project, it’s still unclear what it’s final implementation will turn out to be.
Filed in . Read more about Google.