Google to fund European news startups

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Google to fund European news startups


Tech giant Google pledges to give €150m or $163 million to European news start-ups over the next three years. BBC reports the funds will support startups’ efforts to earn money from their own online coverage. The Financial Times and The Guardian are among those backing the initiative, while those critical of Google, including Robert Murdoch’s News Corp, are not. Startups that accept funds from Google may need to declare their conflict of interest when reporting on the tech giant. The European Union recently accused Google of abusing a monopoly position in online search. This, and other contentious issues may likely make waves in European media over the coming months.

Read more on Google’s initiative on BBC.

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