Yes it would be like getting a sane take on copyright policy from TorrentFreak.com
The labels and Google were negotiating, the whole reason it went public was their shitty terms compared to major labels. No one said there wasn't negotiations taking place.
It's worth noting that this is a negation process. This is Google's proposal and the labels aren't even willing to negotiate: http://www.theguardian.com/technology/2014/jun/24/youtube-mu...
Also the fact that someone leaked this is most likely part of the negotiations.