The European Commission has approved Luxembourg's new scheme to support media publishers.
The support will take the form of grants to news publishers, emerging publishers and citizen publishers, which promote media literacy and citizen awareness. The scheme, with an estimated budget of €102.8 million, will run until 31 December 2031.
The Commission concluded that the scheme will facilitate the development of the news media sector and contribute to promoting media pluralism and editorial independence. It concluded that the positive effects of the measure outweigh any possible negative effects in terms of distortions of competition.
On this basis, the Commission approved the scheme under European Union (EU) State aid rules.
