Fb invests $100M in journalism as COVID-19 makes it extra important than ever

Illustration by James Bareham / The Verge

Fb has pledged to speculate $100 million within the information business at a time when the continuing coronavirus pandemic signifies that correct reporting is extra necessary than ever. $25 million might be supplied in grant funding for native information by means of the Facebook Journalism Project, whereas the remaining $75 million will come within the type of “further advertising spend” to worldwide information organizations.

Publishers are anticipated to be hit arduous by the financial fallout of the novel coronavirus outbreak. The promoting income that many publishers depend on is being squeezed, as corporations slash advertising budgets amidst monetary uncertainty. Analysis agency eMarketer has lowered its progress projections for worldwide media advert spend by three %, S…

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