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State aid: Commission approves €102.8 million Luxembourg scheme to support news media publishers  

29/06/2021 | Economia |  Daily News 28 / 06 / 2021

Source: European Commission Spokesperson's Service  



The European Commission has approved, under EU State aid rules, a Luxembourg 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 assessed the measure under Article 107(3)(c) of the Treaty on the Functioning of the European Union (TFEU), which allows State aid to facilitate the development of certain economic activities or areas. The Commission found that the scheme will facilitate the development of the news media sector and contribute to promoting media pluralism and editorial independence. The Commission 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 EU State aid rules. The non-confidential version of the decision will be made available under case number SA.60939 in the State aid register on the Commission's competition website once any confidentiality issues have been resolved.

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