Google To Give $5 Million To Journalism Non-Profits; $3 Million Outside US | paidContent:UK

Google To Give $5 Million To Journalism Non-Profits; $3 Million Outside US | paidContent:UK: "In its latest move to extend an olive branch to the news industry, Google (NSDQ: GOOG) is donating $5 million to non-profits dedicated to developing “new approaches to journalism in the digital age.” The company says it will be giving $2 million to the Knight Foundation, which will use some of the money to “augment” the Knight News Challenge, which in the past has funded news startups, including Everyblock and Spot.us. The remainder of the cash will be dedicated to unspecified international projects."