I think the core of their argument is that Google is making money of their content in virtue of being able to include it in their aggregation, and owes them some skim. The former part is obviously true, the latter, not so much in reality.
If all French newspapers dropped off Google News, then French speaking people would still have a demand for news - a demand for a product that could no longer be satisfied by Google News who is no longer getting their product for free - and people would still go to the French language newspaper sites to get this news, they wouldn't simply forget about news and go to cuteoverload.com.
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