FACEBOOK TO INVEST $300 MILLION IN NEWS, FOCUSING ON LOCAL
Jan 19, 2019
2 minutes
Facebook says it is investing $300 million over the next three years in news initiatives, with a focus on local news partnerships and other programs.
The money will go toward reporting grants for local newsrooms, expanding Facebook’s program to help local newsrooms with subscription business models and investing in nonprofits aimed at supporting local news.
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