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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)

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Local News Dry up for Facebook Media Project in US

In January this year, the Facebook Journalism Project announced to invest $300 million in local newsrooms

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A photo shows the Facebook app icon on an iPhone in New York, Feb. 19, 2014. VOA

Facebook is having trouble finding enough local news to feed its new journalism initiative, because hundreds of newspapers have shut down in the US.

“About one in three users in the US live in places where we cannot find enough local news on Facebook to launch ‘Today In’,” Facebook wrote in a blog post on Monday.

In those “news deserts” – communities with little or no local reporting – Facebook hasn’t been able to find “five or more recent news articles directly related to these towns” for its news feature “Today In” that was launched in November last year.

“In the last 28 days, there has not been a single day where we’ve been able to find five or more recent news articles directly related to these towns.

“This does not vary much by region: 35 per cent of users in the Midwest, Northeast, and South — and 26 per cent in the West a” live in places where we can’t find much local newson Facebook,” said the social networking company.

Facebook, data, vietnam
This photo shows a Facebook app icon on a smartphone in New York. VOA

“Today In” has been rolled out to over 400 cities in the US.

“We’re also announcing a new pilot programme, the Facebook Journalism Project Community Network, to support projects aimed at building community through local news,” said Facebook.

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According to Engadget, nearly 1,800 papers have shut down in the US since around the time Facebook came online 15 years ago.

In January this year, the Facebook Journalism Project announced to invest $300 million in local newsrooms. (IANS)