One million dollar fund established to bolster BRICS media

  • The Brazil-Russia-India-China-South Africa (BRICS) grouping has signaled its intent to expand its footprint in the global media space, with the injection of a one million dollars fund.
  • During an inaugural session of the BRICS Media Forum, president of Xinhua News Agency and executive president of the Forum, announced that the news agency will invest 1million U.S. dollars for boosting media cooperation in the five-nation grouping.
  • The BRICS media forum is the result of a joint initiative by Xinhua News Agency, Brazil's CMA Group, Russia’s Sputnik News Agency and Radio, The Hindu group of publications from India, and South Africa's Independent Media.
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