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 golibo/iStock

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.

david.cohen@adweek.com David Cohen is editor of Adweek's Social Pro Daily.