Google (GOOG, -0.21%) has announced a new $300 million initiative intended to strengthen quality digital journalism and combat the proliferation of “fake news” and misinformation.
The Google News Initiative is a new three-year effort to help news organizations adapt to the challenges of digital publishing and “build a stronger future for news,” Google Chief Business Officer Philipp Schindler wrote in a blog post on Tuesday.
Launched in partnership with a half-dozen news organizations including Gannett (GCI, +1.75%), the New York Times, the Washington Post and the Financial Times, the initiative includes an array of tools and background services focused on empowering news organizations and increasing publishers’ digital revenue.
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