Wednesday, October 27, 2010

Knight Foundation Announces $2 Million Grant from Google - Knight Foundation

FULL POST: Knight Foundation Announces $2 Million Grant from Google - Knight Foundation

Oct. 26, 2010

Donation will support the foundation’s media innovation initiatives.

MIAMI (OCT. 26, 2010) – Knight Foundation announced today that it has received a $2 million grant from Google Inc. to support the foundation’s media innovation work.

“Journalism is fundamental to a functioning democracy, and we want to do our part to help fulfill the promise of journalism in the digital age,” said Nikesh Arora, President, Global Sales Operations and Business Development at Google. “There is no better partner to support innovation and experimentation in digital journalism than Knight Foundation.”

“This is an enormously important vote of confidence by the industry leader. We welcome Google’s support,” said Alberto Ibarg├╝en, President of Knight Foundation. He added,

“The free flow of information is essential to a democratic society."