The Franco-German Prize for Journalism (DFJP/PFAJ) was established in 1983 by Saarländischer Rundfunk. Since 2014, it is organized as an association whose members are Saarländischer Rundfunk, ZDF, Deutschlandradio, France Télévisions, Saarbrücker Zeitung, ARTE, Deutsche Welle, Saar LB, Europe 1, the Gustav-Stresemann-Institut, Le Républicain Lorrain, Deutsches Städte-Network, Radio France, the Franco-German Youth Office (DFJW-OFAJ), the Franco-German University (DFH-UFA), the Robert Schuman Foundation and the Genshagen Fondation. The collaboration of the French and German members is defined by the mutual understanding and friendship between the two countries.

The annual prize is awarded in the categories video, audio, text and multimedia. A Young Journalist Prize is awarded for up-and-coming journalists.

The Franco-German Media Prize can be awarded to journalists, editorial teams, press agencies, television and radio channels, as well as to individuals or organizations associated with or engaged in the media in France, Germany and Europe in general, who have, through their accomplishments, shown a special interest in deepening the cultural relationships between France and Germany in the spirit of the aims and objectives set by the Franco-German Prize for Journalism.

Its prize money totalling 30,000 Euros, the Franco-German Prize for Journalism is one of the most highly remunerated media prizes in Europe.

The Franco-German Prize for Journalism is considered to be an incentive for French and German media representatives to collaborate and to contribute to a better and more clearly defined understanding of reciprocal viewpoints, to promote a greater understanding of political, economic and cultural realities in both countries and to bear witness to the history of the mutual understanding and collaboration in Europe and in the world.

The competition is also open to journalists and media from other countries if their contributions embrace Franco-German topics from the point of view of their country.

The presentation of the prizes is generally held in Berlin or Paris at the end of June.