Google Creates $82 Million, French Digital Publishing Innovation Fund

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Today, Google (NASDAQ: GOOGL  ) Chairman Eric Schmidt and French President Francois Hollande announced two new initiatives to help French publishers innovate and increase online revenues. First, Google has agreed to create a €60 million ($82 million) Digital Publishing Innovation Fund to drive new, digital publishing initiatives for French readers. Second, Google will help French publishers use its advertising technology to increase online sales. 

Google says this move falls in line with its 2011 commitment to invest in France, and to bolster the news industry. Launched last year, Google's Play store lets publishers make money, for instance, by charging paid subscriptions.

On Google's official blog, Schmidt writes:

A healthy news industry is important for Google and our partners, and it is essential to a free society.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2231512, ~/Articles/ArticleHandler.aspx, 10/25/2016 11:43:07 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,178.58 -44.45 -0.24%
S&P 500 2,146.19 -5.14 -0.24%
NASD 5,290.15 -19.67 -0.37%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/25/2016 11:27 AM
GOOGL $830.86 Down -4.88 -0.58%
Alphabet (A shares… CAPS Rating: *****