The investments currently being made by Google’s Digital News Initiative, in Europe, could be a viable option to help guide news publishers through a challenging financial restructuring, without requiring government intervention.
According to the World Association of Newspapers and News Publishers (WAN), has handed out €24 million to 124 projects in its most recent round of funding. The full list of successful applicants includes major newspapers such as Spiegel, Le Parisien, the Financial Times, as well as smaller publishers and individual projects.
Could this be a model that works for publishers outside of Europe? We will keep you informed of any future developments.