23 million a year for 21 publications. The Google deal with Seven West is the start of setting the commercial value of publications.
I believe we are seeing how large the value of these connections are to Google.
The Seven West publications are in the Perth area, population 2 million.
Glacier has way more publications. If they caught the same terms, it is 18 cents a share per year per share. With Facebook to come.
Not necessarily slow, but definitely large, Glacier Media is a specialty publisher. Its Business and Professional Group publishes more than 120 technical manuals, medical education materials, real estate reports, and investment information in print, online, and on CD, while the Newspaper and Trade Group includes Canada's largest trade and online magazine publisher (43 trade magazines, 28 directories, and 35 sites). The company's Glacier Newspaper Group owns some 150 community newspapers throughout Canada, as well as a host of agricultural, business, reference, and trade publications. The Newspaper and Trade Group also includes the Business In Vancouver Media Group offering magazines, papers, and directories.
The Community Newspaper Group is a community newspaper business in Perth, Western Australia. The Group is owned by Seven West Media.
It publishes 23 community newspapers within the metropolitan region of Perth.
The range includes Yanchep and Two Rocks in the city's north to Mandurah in the south.
Google and the publicly listed broadcast television, print and online publishing company jointly announced they had agreed on a “long-term partnership” after weekend discussions Australian government ministers had with media executives, Facebook chief executive Mark Zuckerberg and Sundar Pichai, CEO of Alphabet Inc. and its subsidiary Google.
Kerry Stokes, chairman of Seven West Media, which owns 21 publications, thanked the government and the Australian competition regulator for their proposed law
Google regional director Mel Silva said: “We are proud to support original, trusted and quality journalism, and are excited to welcome Seven West Media today as a major Australian publishing partner to join Google News Showcase.”
The partnership was a substantial investment for Google in journalism not just in metro areas but in smaller communities, she added.
Neither Google nor Seven West Media mentioned how much the deal was worth. Rival media company Nine Entertainment reported, citing unnamed industry sources, that it was worth more than 30-million Australian dollars (US$23-million) a year.