Google formed its Digital News Initiative... €150-million innovation fund, though I see that more as a blackmail pot than as a strategic benefit to a struggling industry: bags of coins tossed to drowning journalists.

Google, eight major publishers across Europe, and a couple of trade organizations are forming a partnership ... an alliance born out of desperation on the part of publishers and opportunity on the part of technology companies... the largest news and information companies in the world will be formed out of a hybrid of these current entities... …

"Google announced a new partnership with several publishers on Tuesday. ...The Digital News Initiative.... I’m a huge fan of this idea. Contributoria (an open journalism network) and Swarmize (a data journalism platform) wouldn’t exist today without it.

Google promised a €150 million fund to promote platform and product digital news innovation, working with eight top European publishers... Europe is the squeaky wheel that Google decided to grease, with a sum that sounds large to cash-starved news publishers but is a pittance to Mountain View. It's 0.001% of Google's $14.4 billion profit in 201…

The Digital News Initiative (DNI) is a partnership between Google and news publishers in Europe to support high quality journalism through technology and innovation.