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CORRECTED: Google reaches deal with French news websites

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(Globalpost/GlobalPost)

Google resolved a compensation fight with French news publishers on Friday that sees the US Internet search giant setting up a 60 million euro fund to help France's media adapt to the digital age. "France is proud to have reached this agreement with Google, the first of its kind in the world," the French president's office said on Twitter after French editors and Google chief Eric Schmidt signed the accord.

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http://www.globalpost.com/dispatch/news/afp/130201/corrected-google-reaches-deal-french-news-websites