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Broadcasting minister Kris Faafoi said the new fund will support “public interest journalism which would otherwise be at risk . . . to be produced and shared through New Zealand media outlets”.
He said it will be open to all media organisations - including local and regional ones and Māori, Pacific and ethnic media - and administered by the funding agency NZ on Air.
The money will be available over three years, with the first $10 million available in the current financial year and applications open from April.
The Ministry for Culture and Heritage website says it wants the new fund to be as inclusive as possible and include the likes of photojournalism, data journalism and investigative journalism.