(See below for updated stories and reactions. This story was written just before Pascale St-Onge held a scrum officially announcing the deal)

From CTV, Nov. 29

The Canadian government has reached a deal with Google over the Online News Act known as C-18, Canadian Heritage Minister Pascale St-Onge announced Wednesday.

While St-Onge is expected to soon speak to this “path forward” during a Parliament Hill press conference, sources had previously confirmed to CTV News that the agreement will see the tech giant continue to share Canadian news content, and in return Google will make $100 million in annual payments to news companies.

Further, the federal government says this financial support will be indexed to inflation, and rolled out to “for a wide range of news businesses across the country, including independent news businesses and those from Indigenous and official-language minority communities.”

Google will also be able to work with a single collective to distribute this money to “all interested eligible news businesses,” based on the number of full-time equivalent journalists they employ.

Read more from the CTV story

Google to pay $100M a year to Canadian news publishers in deal with Ottawa – CP news story

Cooler heads prevail – Canadian Association of Journalists

Federal government statement

Unifor calls federal government deal with Google over Online News Act a step in the right direction