Google partners with publishers in Europe to launch Digital News Initiative

Google is launching a $150 million partnership with publishers in Europe for a three-year Digital News Initiative focusing on “core industry issues.” The initiative is likely designed to counteract the European Union’s action against Google’s marketplace dominance. At least seven European publishers are already involved, including The Financial Times, The Guardian and Italy’s La Stampa. Google will also fund Reuters’ expansion of news research in Europe, which will likely produce research similar to what Pew Research Center does in the U.S.

+ Google EMEA president Carlo D’Asaro Biondo on why Google is launching Digital News Initiative: “I’m convinced that we could achieve much more if journalism and technology work together” (Journalism.co.uk)