Only on the big websites though, why would a news org bother with small or tiny news aggregators?
The small websites will have to shut down while google will get even stronger. (This happened in germany already when they introduced a very similar law)
That's not really the question, the news sites will give Google explicit permission to use their content while not granting the same usage rights to any other smaller EU-based search/news-aggregation service.
That's why every single person who knows what they are talking about has warned about this law from the beginning, but they were all ignored. Now this deals incredible damage to the future of EU internet companies and helps established big US corps. Everyone knew that, its just business as usual with the corrupt to the core and incompetent EU.
Yes, this law requires an explicit agreement between each publisher and each aggregator to determine the price (probably 0 for Google) under which the snippets may be used.
A much better law would have standardized a set of headers or meta tags, similar to what Google uses, to allow publishers to specify allowed usage and created penalties for aggregators that don't respect those headers.
Only on the big websites though, why would a news org bother with small or tiny news aggregators?
The small websites will have to shut down while google will get even stronger. (This happened in germany already when they introduced a very similar law)