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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. 
It was also committing to spend $300 million over the next three years on its various journalism-related projects.
Watch This Zee Business Twitter Video
<blockquote data-lang="en"><a href="https://twitter.com/hashtag/LIVE?src=hash&amp;ref_src=twsrc%5Etfw">#LIVE</a> | <a href="https://twitter.com/hashtag/CommoditySpecial?src=hash&amp;ref_src=twsrc%5Etfw">#CommoditySpecial</a> में आज देखिए क्या तेल बिगाड़ेगा खेल <a href="https://twitter.com/mrituenjayj?ref_src=twsrc%5Etfw">@mrituenjayj</a> के साथ। <a href="https://t.co/qios3XOieq">https://t.co/qios3XOieq</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1085415533766496256?ref_src=twsrc%5Etfw">January 16, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>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.

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. It was also committing to spend $300 million over the next three years on its various journalism-related projects.Watch This Zee Business Twitter Video#LIVE | #CommoditySpecial में आज देखिए क्या तेल बिगाड़ेगा खेल @mrituenjayj के साथ। https://t.co/qios3XOieq— Zee Business (@ZeeBusiness) January 16, 2019According 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.

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. 

Facebook announces to invest over $300 million over the next three years to support local news organisations

news-facebook-announces-to-invest-over-300-million-over-the-next-three-years-to-support-local-news-organisations-80411

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. Thats why today were 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.  It was also committing to spend $300 million over the next three years on its various journalism-related projects. Watch This Zee Business Twitter Video #LIVE | #CommoditySpecial में आज देखिए क्या तेल बिगाड़ेगा खेल @mrituenjayj के साथ। https://t.co/qios3XOieq — Zee Business (@ZeeBusiness) January 16, 2019 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.