Google launches a fund to support European publishers’ digital news products

As part of its Digital News Initiative, Google announced a €150 million (about $167 million) fund to support European publishers’ digital news products. Google says €50 million will be awarded annually over the next three years, and the grants will come with “no strings attached” and without any requirements to use Google products. Google has divided the funding into three pools based on project size and budget, and a 13-member council will have oversight of the selection process.