Microsoft tries toppling Google with a bribe

Microsoft is bribing News Corp to remove news content from Google's index. I wonder if Google will suffer much (or any) from such a deal?

Considering Google doesn't make any money on Google News in the first place, I don't think they have much to worry about -- even if they do lose some traffic.

On the other hand, News Corp is the company set to lose if it happens. Regardless how "valuable" News Corp perceives traffic from Google, it's guaranteed to be better than none at all.

What do you think?