Facebook is helping news outlets as ad revenues decline.
Image by Pixabay/Illustration by CNET
For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website.
Facebook on Monday said it’d invest $100 million in the news industry, as outlets across the globe scramble to cover the coronavirus outbreak. It’ll give $25 million in grant funding to local news organizations through its Journalism Project, while $75 million will be spent on the social network’s own marketing push.
“If people needed more proof that local journalism is a vital public service, they’re getting it now,” Facebook said in its release.
This story will be updated shortly.
