Chaim Gartenberg, writing in The Verge:

Google is announcing new efforts today to support the media industry by fighting misinformation and bolstering journalism, which will live under a newly announced umbrella called the Google News Initiative. Google already offers something similar in Europe through the Digital News Initiative, but the Google News Initiative is intended to be a wider worldwide expansion of those kinds of efforts.

There are three specific goals of the Google News Initiative: highlight accurate journalism while fighting misinformation, particularly during breaking news events; help news sites continue to grow from a business perspective; and create new tools to help journalists do their jobs. Google is serious about supporting these goals, too, pledging to invest $300 million over the next three years.