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Photo Illustration: Thiago Prudêncio/SOPA Images/LightRocket via Getty Images

YouTube is spending $7 million to fund two new programs to help journalists looking to build an audience on YouTube, executives tell Axios.

Why it matters: It's the first time YouTube is spending money to fund journalism independently of the $300 million Google has dedicated to journalism programs through its Google News Initiative.

Details: Both new initiatives are year-long programs, designed to help digital-first journalists learn how to build audiences and brands on YouTube.

  1. The "Creator Program for Independent Journalists" is for independent journalists who want to start their own YouTube channels. The program offers training for video production and entrepreneurial business development. YouTube will give grants globally for up to $50,000 for 40-60 journalists.
  2. The "Sustainability Lab for Digital-First Newsrooms" is a new program that focuses on helping digital-first newsrooms build sustainable business models on YouTube. YouTube will give 20-30 digital-first newsrooms grants worth up to $200,000. Newsrooms will get access to specialists to help them learn video journalism best practices.

The big picture: YouTube is investing in these programs because its users want more video from authoritative journalists and outlets, said Tim Katz, head of news partnerships at YouTube.

  • "We see our users coming to the platform and looking for news," he said. "We believe it's our responsibility to those users to give them access to authoritative news and information."

Go deeper

Updated 42 mins ago - Health

White House acknowledges U.S. will miss July 4 vaccination goal

Fireworks in New York City to celebrate the state reaching a 70% vaccination rate. Photo: Liao Pan/China News Service via Getty Images

The Biden administration acknowledged on Tuesday that it will likely miss its goal of vaccinating 70% of U.S. adults with at least one dose by July 4.

Why it matters: Despite falling short of the goal, the White House still believes most Americans will be safe to fully celebrate Independence Day, as COVID-19 cases and deaths remain at low levels throughout much of the country.

Exclusive: Quartz, NYT vets launch new media company about work

Photo credit: Emma Howells for Charter

Quartz co-founders Kevin Delaney and Jay Lauf, along with New York Times veteran Erin Grau, are launching a new media and services company called "Charter" that is centered around the future of work, the founders told Axios.

Why it matters: "There are other media companies that write about this topic — some occasionally and some more frequently, but it's one topic among many things that they do," Delaney said. "This is a driving focus for us."

Biden endorses bill to end sentencing disparity for crack and powder cocaine

Photo: Drew Angerer/Getty Images

The Biden administration endorsed a bill Tuesday that would end sentencing disparities for crack versus powder cocaine offenses.

The big picture: Supporting the legislation follows through on one of Biden's campaign promises. But it's a shift from decades ago, when Biden spearheaded efforts to pass the legislation that implemented the disparities in the first place.