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March 31, 2020 9:41 am  #1


Facebook commits $100 million to support news media

Facebook Inc. on Monday pledged US$100 million in financing and advertising spending to support news organizations, including local publishers in the United States, reeling from pressure due to the coronavirus pandemic.

News publishers, especially print media, have taken the brunt as many advertisers pulled their marketing budgets to rein in costs because of virus-related uncertainty.



https://business.financialpost.com/technology/facebook-commits-100-million-to-support-news-media-hurt-by-coronavirus-crisis?video_autoplay=true