Spain tried this in 2014. Google simply removed "Google News" and cut off the healthy supply of clicks they send to the news outlets.
From memory, news outlets soon relented because they needed Google more than Google needed them.
When France followed Spain, they stopped Google from removing "Google News" by insisting that it was an abuse of market position to do so. Never mind the fact that it seems like an abuse of power to compel a company to do business in your region on terms it doesn't like, and to prevent it from backing out of the market.
Ben Thompson from Stratechery has some good summaries of this behind his paywall.
From memory, news outlets soon relented because they needed Google more than Google needed them.
When France followed Spain, they stopped Google from removing "Google News" by insisting that it was an abuse of market position to do so. Never mind the fact that it seems like an abuse of power to compel a company to do business in your region on terms it doesn't like, and to prevent it from backing out of the market.
Ben Thompson from Stratechery has some good summaries of this behind his paywall.