Google, the Authors Guild and the Association of American Publishers have settled a class-action lawsuit over Google’s book-scanning project.
The company and the book groups said Tuesday that Google would pay $125 million and legal fees to resolve claims by authors and publishers.
Full story here.
Another commentator (Tony Bandy) offered this from the Google site and specifically his favorite quote:
"...We'll also be offering libraries, universities and other organizations the ability to purchase institutional subscriptions, which will give users access to the complete text of millions of titles while compensating authors and publishers for the service. Students and researchers will have access to an electronic library that combines the collections from many of the top universities across the country. Public and university libraries in the U.S. will also be able to offer terminals where readers can access the full text of millions of out-of-print books for free...."