LegalMay 12, 2026, 08:42 AM
USA TODAY Co. Clarifies Google Litigation Damage Characterization
AI Summary
USA TODAY Co. clarified a statement made by its CEO, Michael Reed, during an investor call regarding the ongoing litigation with Google. The company stated that Reed characterized amounts as estimated damages, not as Google's interference with revenues, and that no specific damage estimate has been publicly disclosed. However, USA TODAY Co. reiterated its belief that Google interfered with billions of dollars in revenue and anticipates very substantial damages, citing Google's own documents as the source for these estimations.
Key Highlights
- USA TODAY Co. clarified that its CEO characterized amounts as estimated damages in litigation with Google, not as Google's interference with revenues.
- The Company has not publicly disclosed or quantified any estimate of damages related to the Google litigation.
- USA TODAY Co. continues to believe Google interfered with billions of dollars in revenue over billions of ad auctions.
- The Company anticipates very substantial damages, even before automatic trebling by U.S. antitrust law.
- Damage estimations are derived from Google's own documents, which studied harm to publishers.