Breaking News

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S Power Your World with DJI's New Portable Power Station Power 2000 G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Facebook to Pour $300 million in Local Journalism Projects

Facebook to Pour $300 million in Local Journalism Projects

Enterprise & IT Jan 15,2019 0

Facebook announced on Tuesday it will commit $300 million to journalism projects to help local outlets strengthen their newsgathering operations and build their readership and subscription models.

“We’re going to continue fighting fake news, misinformation, and low quality news on Facebook,” said Campbell Brown, Facebook’s head of news partnerships in a company blog post. “But we also have an opportunity, and a responsibility, to help local news organizations grow and thrive.”

Among the funded initiatives are: a $20 million investment in a program to help local outlets design and execute subscription and membership models; a $5 million endowment to create a grant program with the Pulitzer Center for local multimedia reporting projects; and a $2 million investment in Report for America, an initiative to recruit and fund journalists to cover under-covered topics in local newsrooms across the country.

Facebook said it decided to commit to the journalism initiatives based on feedback from users on what they wanted to see on he platform and from news outlets who told the company how to better boost their audience impact. “We heard one consistent answer: people want more local news, and local newsrooms are looking for more support,” Brown said. Facebook added that, over time, these initiatives can elevate civic engagement, which in turn can boost interest in local news.

Last year, Google pledged the same dollar amount, over the same timeline, to combat misinformation and support journalism, with a focus on boosting subscriptions to local news outlets.

The investments are significant because of the tech giants' dominance in the market for online advertising, which has exacerbated the decline of American newsrooms. Together, the two companies command about 58 percent of the digital ad market.

Local news has been especially hit by the collapsing news media ecosystem, with fewer customers willing to spend subscription dollars.

Tags: facebook
Previous Post
Netflix Increases Subscription Fees for U.S. Clients
Next Post
LG OLED TVs Get a Serious Discount

Related Posts

  • EU Privacy Watchdog Accused of Delaying Probe Procedures Against Facebook

  • Zuckerberg Says Remote Work is Here to Stay

  • Facebook to Launch New Shopping Feature Across Apps

  • EU Tech Chief Demands More From Facebook Regarding Business Practices

  • Facebook Buys GIPHY as Part of Instagram Team

  • Facebook Works With Telecoms on 2Africa Subsea Cable for Future Internet Connectivity

  • Facebook Reports Increased Number of Removals of Hate speech, Terrorism

  • Facebook Users Accept $550 Million Privacy Deal Over Facebook's “Tag Suggestions”

Latest News

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup
Cooling Systems

SAMA Launches Exclusive Amazon Prime Day Deals on Flagship PC Cases and AIO Cooler Lineup

Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S
PC components

Transcend Launches Ultra-Fast PCIe Gen5 SSD MTE260S

Power Your World with DJI's New Portable Power Station Power 2000
Consumer Electronics

Power Your World with DJI's New Portable Power Station Power 2000

G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard
PC components

G.SKILL CAMM2 DDR5 Memory Module Demonstrates DDR5-10000 Overclock Speed on ASUS Z890 Motherboard

JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion
Smartphones

JCB Phone Launches New Rugged Smartphone Range to Power Global Expansion

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Noctua NH-D15 G2

Noctua NH-D15 G2

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed