Facebook commits $100M to support local news orgs hit by COVID-19 crisis
https://techcrunch.com/2020/03/30/facebook-local-news-100-million/
Facebook announced this morning that it will be offering another $100 million worth of support to local newsrooms that are trying to cover the COVID-19 pandemic, while that same pandemic is dealing a major blow to their bottom lines.
The company says the funding will consist of $25 million in grant funding for local coverage, plus $75 million in marketing for news organizations around the world.