A $163 Fund For Online Publishers from Google

A $163 Fund For Online Publishers from Google

The Digital News Initiative will be launched by the Internet giant in London on Tuesday. This is a program which supports online journalism with a fund and it collaborates with 8 European publications like The Guardian and the Financial Times.

As Google had been thwacked so many times in Europe, it is taking a new destination.

The Digital News Initiative will be launched by the Internet giant in London on Tuesday. This is a program which supports online journalism with a fund and it collaborates with 8 European publications like the Guardian and the Financial Times. Those organisations will form a group which is going to explore ways to increase audience for online writing. Google is also going to bring in digital resources for newsroom as well as send staff to team with publications in London, Paris and Hamburg.

About $163 million of cash will be spread between publishers over 3 years. Also additional support from Reuters, academia and Google’s own fellowship program, will be given.

Google’s president of strategic relationships in Europe Carlo D’Asaro will announce the new project. During the release he said that it was just the beginning and also added that they invite others to join them.

Google has faced the threat of licensing fees for its news publishing in France and Spain, while conducting meeting about privacy rights. In addition to this, Google was accused of violating antitrust laws about two weeks ago.

Last November the project sprang from the publishing conference and is co-hosted by the Knight Foundation. That is a source, similar to Google. Now the first aim for Google is to improve the mobile content and to steer there publishers.

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