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Stockreport

Newsom plans no new journalism funding despite $175-million funding deal with Google [Los Angeles Times (CA)]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Los Angeles Times
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
heralded effort to help California journalists will amount to anything and how serious Newsom is about supporting the struggling industry. It's a significant walkback from an August 2024 deal between state leaders and Google in which they agreed to jointly spend $175 million over five years to fund local journalism. The deal, which Newsom hailed as a “major breakthrough in ensuring the survival of newsrooms” at the time, was reached after Google spent a record sum — $11 million — lobbying state lawmakers successfully to drop two proposals that would have forced Google to pay newsrooms for using their content. Under the agreement, the state would pay $70 million and Google $55 million into the newly established California Civic Media Fund for local news outlets. Google would also continue issuing its annual $10-million newsroom grants. But in May 2025, citing budget restraints, Newsom slashed the state's first-year commitment to just $10 million for fiscal year 2025-26, with no f [Read more]

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Stockreport

Newsom plans no new journalism funding despite $175-million funding deal with Google [Los Angeles Times (CA)]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
heralded effort to help California journalists will amount to anything and how serious Newsom is about supporting the struggling industry. It's a significant walkback from an August 2024 deal between state leaders and Google in which they agreed to jointly spend $175 million over five years to fund local journalism. The deal, which Newsom hailed as a “major breakthrough in ensuring the survival of newsrooms” at the time, was reached after Google spent a record sum — $11 million — lobbying state lawmakers successfully to drop two proposals that would have forced Google to pay newsrooms for using their content. Under the agreement, the state would pay $70 million and Google $55 million into the newly established California Civic Media Fund for local news outlets. Google would also continue issuing its annual $10-million newsroom grants. But in May 2025, citing budget restraints, Newsom slashed the state's first-year commitment to just $10 million for fiscal year 2025-26, with no f [Read more]

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GOOG
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS