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Facebook invests $100M in journalism during coronavirus crisis – CNET

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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.

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