OLD Media News

Google contributes millions to journalism amid pandemic

Google has poured more than $39.5 million into journalism since the pandemic began.

The finances have been allocated across 5,600 in 115 countries as part of the Google News Initiative Journalism Emergency Relief Fund.

“When COVID-19 was turning the world upside down, we didn’t know what to expect,” said Google News Initiative Innovation head Ludovic Blecher. “The intent was simple: help address a very real need from local publishers and news sites globally that are facing financial hardship as a result of the economic and advertising downturn.”

However, although the funding has helped newsrooms, it also highlights the news industry’s growing dependence on advertising revenues.

Blecher further added that Google received 12,000 applications for the fund.

Mariam Ahmed

Recent Posts

Pacific Business News hires Meierdiercks as editor in chief

The Pacific Business News, an American City Business Journals publication, has hired Janis Magin Meierdiercks  as…

18 hours ago

Sifted reporter Nowshin departs

Sadia Nowshin, a reporter at European startup news site Sifted, is leaving to join literary…

18 hours ago

Variety promotes Shanfeld to TV reporter

Variety has promoted Ethan Shanfeld to TV reporter. William Earl of Variety writes, "Shanfeld joins the entertainment…

18 hours ago

Klimasinska named Bloomberg’s DC breaking news team leader

Kasia Klimasinska is the new team leader for DC breaking news at Bloomberg News. She…

20 hours ago

NYC event to honor Ledbetter is next week

  Paul Smalera has organized a gathering of James Ledbetter's friends and colleagues—open to all…

21 hours ago

CoStar hires Scheier to cover San Francisco market

Real estate news service CoStar News has hired Rachel Scheier to cover the San Francisco commercial market.…

22 hours ago