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.