Facebook Pledges Another $100 Million to Support the News Industry
$25 million is earmarked for emergency grants for local publishers, while $75 million will go to additional market spending
The first round of grants went to 50 local newsrooms across the U.S. and Canada
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Facebook said Monday that it will invest $100 million to help support the news industry during the coronavirus pandemic: $25 million in emergency grant funding for local news via its Facebook Journalism Project, and $75 million in additional market spending to help move money to news organizations globally.
