Google Launches French Media Fund
Posted: 3/4/2013  |  By: Rhonda Richford | The Hollywood Reporter
Google will launch an $81 million (€60 million) Digital Publishing Innovation Fund to assist French news organizations with their efforts to move their content online and to increase advertising revenues.

President Francois Hollande and Google Executive Chairman Eric Schmidt announced the initiative as a compromise between the French government and press and the internet search giant over a royalties dispute.