RM30mil media fund to support digitalisation, safeguard media jobs
KUALA LUMPUR: The Media Innovation Fund 2.0 reflects the government's continued commitment to ensuring the sustainability of local media companies and preventing retrenchments amid industry headwinds.
KUALA LUMPUR: The Malaysian government has committed RM30 million to the Media Innovation Fund 2.0 to bolster the digital transformation of local media companies and safeguard jobs amid industry challenges. Bernama CEO Datin Paduka Nur-ul Afida Kamaludin stated that the fund would enable news organizations to upgrade their tools and explore new revenue sources.
This initiative serves as a strategic government investment to fortify the nation's journalism sector, ensuring ethical principles and journalistic freedom remain uncompromised. Bernama expressed enthusiasm for utilizing the fund to enhance its AI-driven newsroom, upskill employees, and accelerate digital transformation. The fund covers five key areas: personnel training, software adoption, equipment procurement, research, content development, and subscriptions to news services. Applications for the grants close on November 14 via the official portal.
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