Google Begins Hosting News on Its Site

SAN FRANCISCO -

Internet search leader Google Inc. on Friday began hosting material produced by The Associated Press and three other news services on its own Web site instead of only sending readers to other destinations.

The change affects hundreds of stories and photographs distributed each day by the AP, Agence France-Presse, The Press Association in the United Kingdom and The Canadian Press. It could diminish Internet traffic to other media sites where those stories and photos are also found - a development that could reduce the online advertising revenue of newspapers and broadcasters.

More at http://www.forbes.com/feeds/ap/2007/08/31/ap4073834.html

Source - Forbes