Facebook Pledged $100 Million To Help News Outlets Hit By The Coronavirus Crisis

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Facebook is pledging $100 million to help a struggling news industry that has been starved of advertising revenue amidst the coronavirus pandemic, the company announced on Monday.

“Right now journalists are working under very difficult conditions to keep their communities informed, and many news organizations are struggling due to the economic impact of the outbreak,” wrote Facebook CEO Mark Zuckerberg on the website. “Local news is especially hard hit, so we’re committing $25 million for emergency grant funding through the Facebook Journalism Project, and another $75 million in marketing spend to support journalists and news organizations covering the crisis.”

Pranav Dixit is a tech reporter for BuzzFeed News and is based in Delhi.

Contact Pranav Dixit at [email protected]

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