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Facebook To Invest Over $300 mn to Support Local News

"This year, we'll commit over $20 million to continue our local 'Accelerator' programme in the US and to expand the model globally, including in Europe," said Brown

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Facebook testing 'LOL' app to woo kids, experts wary. Pixabay

Facebook has announced to invest over $300 million over the next three years to support local news organisations.

In a blog post, Campbell Brown, Vice President, Global News Partnerships, said that Facebook wants to support local journalists and newsrooms with their news gathering needs in the immediate future and help these organisations build sustainable business models, through both its product and partnership work.

“We heard one consistent answer: people want more local news, and local newsrooms are looking for more support. That’s why today we’re announcing an expanded effort around local news in the years ahead,” Brown said late on Tuesday.

In 2018, Google also committed $300 million for over three years to strengthen quality journalism, support sustainable business models and empower newsrooms through technological innovation.

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Facebook, social media. Pixabay

It was also committing to spend $300 million over the next three years on its various journalism-related projects.

According to Facebook, it would invest $300 million in news programmes, partnerships and content.

Among the components is a Pulitzer Centre — a $5 million endowment gift to launch “Bringing Stories Home”, a gift that will provide local newsrooms across the US with reporting grants to foster coverage on topics that affect local communities.

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“Report for America” is a $2 million investment in the initiative to place 1,000 journalists in local newsrooms across America over the next five years.

“This year, we’ll commit over $20 million to continue our local ‘Accelerator’ programme in the US and to expand the model globally, including in Europe,” said Brown. (IANS)

Next Story

Facebook Suffers Major Outage Across the World

Other than a 'degraded performance', Facebook was yet to issue a statement whether the outage was fixed

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Social Media, Facebook, Authenticity, Posts
The social media application, Facebook is displayed on Apple's App Store, July 30, 2019. VOA

Facebook on Sunday faced major outage in the UK, the US and parts of Europe and Asia as users were not able to access News Feed and Notifications.

The outage monitor website Down Detector reported more than 4,000 reports from users, saying they faced issues with News Feed and Notifications features on the social networking giant.

The server status page on Facebook said: “We are currently experiencing degraded performance across the entire platform, resulting in increased request response time. Our team is aware of the issue and is working on a solution”.

facebook, instant games
FILE – Attendees walk past a Facebook logo during Facebook Inc’s F8 developers conference in San Jose, California, United States. VOA

The users flooded Twitter, saying they can’t see the popular News Feed.

“When Facebook goes down, I always go to Twitter to check if it’s not just me,” tweeted one user.

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“All my Facebook notifications have gone. Has anyone else experienced the same?” tweeted another.

Other than a ‘degraded performance’, Facebook was yet to issue a statement whether the outage was fixed. (IANS)