Seven West Media has become the largest Australian news media business to strike a deal with Google to pay for journalism in a partnership announced on Monday before the nation's Parliament considers draft laws to force digital giants to pay for news.

Google and the publicly listed broadcast television, print and online publishing company jointly announced they had agreed on a "long-term partnership" after weekend discussions Australian government ministers had with media executives, Facebook CEO Mark Zuckerberg and Sundar Pichai, chief executive of Alphabet Inc. and its subsidiary Google.

Kerry Stokes, chairman of Seven West Media, which owns 21 publications, thanked the government and the Australian competition regulator for their proposed law that the Parliament will consider on Tuesday.

"Their outstanding leadership on the implementation of the proposed news media bargaining code has resulted in us being able to conclude negotiations that result in fair payment and ensure our digital future," Stokes said in a statement.

"The negotiations with Google recognise the value of quality and original journalism throughout the country and, in particular, in regional areas," Stokes added.

The decision follows Google's threats to leave Australia over their proposed News Media Bargaining Code bill, which will force digital giants to pay for news, should it pass.

Sky News host Laura Jayes told Mike Hosking it looks like Google has blinked first.

"The Government will be happy because the legislation hasn't got through parliament yet, it's been through a select committee and it's understood to be introduced today."