Google Inc. announced its intention to invest € 150 million in European media and various journalism startups. Funds will be invested over three years,
writes RBC. According to the Corporation of Good, the investment will help the media to make a profit by publishing original content on the web.
Other news publications that Google is going to collaborate with include The Financial Times and The Guardian, El Pais and Die Zeit.
At the same time, Google will not support information resources related to News Corp. Rupert Murdoch and the Axel Springer group. Previously, these entrepreneurs have criticized the principles of the news service Google.
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In addition to financial support, Google will provide consulting support, telling the participants of their project about the principles of making profit using various methods.