Posted August 1, 2006 10:26 am by with 0 comments

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A Mercury News story has everyone guessing whether Google will start paying the Associated Press for revenue generated from syndicating their news stories.

Recently completed deals, which include arrangements in which media organizations such as the Associated Press will be compensated on a pay-per-click basis, could herald a major shift in the relationship between the old media and new Internet gatekeepers.

“The people who own the content did a lot of work to generate the content,” Google Chief Executive Eric Schmidt said in an interview with the Mercury News. “We want them to get the majority of the revenue from advertising.”

There are alot of unanswered questions, but both GB and SEW are trying to track down the details.