Never miss a story

Get subscribed to our newsletter


×
The social networking giant said the investment will include $25 million in emergency grant funding for local news through the Facebook Journalism Project. Pixabay

Facebook has pledged to invest an additional $100 million to support journalists at a time when ad revenues are declining due to the economic impact of the new coronavirus.

The social networking giant said the investment will include $25 million in emergency grant funding for local news through the Facebook Journalism Project, and an extra $75 million in marketing to get money to publishers around the world at a time when their advertising revenue is declining.


“This investment is in addition to the support we’ve already pledged to the news industry in response to COVID-19: $1 million in grants for local news, $1 million in grants for fact-checking organisations, and a $1-million donation to the International Fact-Checking Network,” the company said in a statement on Monday.

Please Follow NewsGram on Facebook To Get Latest Updates From All Around The World!

The news industry is working under extraordinary conditions to keep people informed during the COVID-19 pandemic. Local journalists are being hit especially hard, even as people turn to them for critical information to keep their friends, families and communities safe.


Facebook has pledged to invest an additional $100 million to support journalists at a time when ad revenues are declining due to the economic impact of the new coronavirus. VOA

“Through the COVID-19 Community Network grant program, direct funding is helping journalists cover important stories when we all need them most,” said Campbell Brown, VP, Global News Partnerships.

“We’re building on this work and will direct a portion of these funds to publishers most in need in the hardest hit countries. The first round of these grants went to 50 local newsrooms in the US and Canada,” he added.

ALSO READ: Xiaomi’s Wuhan Headquarters Officially Resumes All Operations (Tech Report)

Facebook said the new commitment builds upon $300 million it has committed already to serving journalists around the world through diverse and inclusive news programmes and partnerships, including Report for America, the Pulitzer Center, the Community News Project and the Facebook Journalism Project’s Local News Accelerator training programme. (IANS)


Popular

Photo found on Pixabay

Books on Delhi

The city of Delhi has seen it all; from sultanate rule, to dynasties, and to colonial rule. From monarchy to democracy, Delhi has gone through its phases. But, in order to know and explore the nuances of Delhi, you must read these beautiful books.

1. City of Djinns: A Year in Delhi by William Dalrymple

Keep Reading Show less
Photo by Viator.

Ghats of Varanasi, one of the oldest cities of India

There are some of the Indian cities which are older than time. Therefore, we must know which cities are they, and what has been their history!

1. Varanasi (1200 BC–)

Keep Reading Show less

Human hair wigs have several advantages over synthetic wigs

By- Digital Hub

I prefer synthetic wigs as it isn't something that I would wear all the time - just when I look different. Additionally, their ease of use is an essential factor for me. However, suppose you're looking to wear a wig for a fashionable accessory or as a way for you to show your personality. In that case, I'd recommend buying multiple synthetic wigs of various styles and colors instead of only the one human hair wig at the same amount. However, be cautious - only purchase top-quality synthetic braids that are more expensive as you might be disappointed by the new style you've chosen.

Keep reading... Show less