France: Google launches €60 million media fund

Fund to help media firms develop web presence.

The Google fund will be set up for three years (€20 million will be available each year) and will be managed by the search company and the Association of Political and General Information (AIPG). 

Web sites can apply for partial funding for innovative projects.

Google and the French government had previously been in dispute over whether the search giant should pay royalties to French media firms/publishers.

Source: The Local.