Google Inc. awards grant to Knight Foundation
Google is awarding $2 million to the Knight Foundation to support its media innovation projects.
The grant will be used on projects including the Knight News Challenge, a media innovation contest; and on ways of informing people through such tools as online news sites and mobile technology. It will also be used to develop new business models to make news gathering financially sustainable.
Alberto Ibarguen, Knight Foundation president, says it's important to find ways to "deliver the news and information people require on the new, digital platforms."
The foundation says it has invested more than $100 million in various media innovation projects during the last five years.
Google Inc. says it will invest another $3 million in journalism programs in other countries.