Google is set to announce a €150 million programme to support innovative online journalism in partnership with eight European publications.

In a statement, Google said the Digital News Initiative would "support quality journalism (through) technology and innovation".

The initiative brings together Les Echos in France, Germany's FAZ, the Financial Times, The Guardian, NRC Media in The Netherlands, El Pais in Spain, La Stampa in Italy and Die Zeit in Germany as well as European media organisations.

The partners will focus on product development, supporting innovation as well as training and research.

They will also set up a working group to "increase revenue, traffic and audience engagement", according to the statement.

Google will inject €150m into the project to promote new ideas in digital journalism.