Do you know that Facebook Commits $100M to Local Newsrooms? Well if you want to stay updated on the latest news or updates about Facebook then you should continue to access this website daily, you will get all the important updates. Today I am going to discuss “Facebook Commits $100M to Local Newsrooms”, which is true and not a rumor.
Facebook Commits $100M to Local Newsrooms
The Facebook platform announced that it will be offering another 100 million dollars in support to local newsrooms that are trying to cover the COVID–19 pandemic. Now that same pandemic is dealing a major blow to their bottom lines. Now Facebook as a company says that the funding will consist of 25 million dollars in grant funding for local coverage. Also, it will give 75 million dollars in marketing for news organizations around the world.
Facebook Donation
Now if people needed more proof that local journalism is a vital public service well they are getting it now said Campbell Brown Facebook Vice President of Global News Partnerships. Earlier this month the Facebook platform announced an initial 1 million dollars in grants to help fund coverage of the Pandemic. It says it has supported 50 newsrooms in the U.S. and Canada. Now, this funding comes on top of the 300 million dollars that the Facebook platform committed to local news last year. Not only that but as well as the 100 million dollars the Facebook platform has committed to small businesses.
Facebook Announces $100M Grant Program for Small Businesses
Now regardless of how the COVID–19 pandemic plays out in the coming weeks and months now, it has been brutal for small businesses, with some forced to close for public safety. Well, Facebook has announced that it’s creating a 100 million dollar grant program for small businesses. Now applications aren’t open yet, but the company says this will also include both ad credits and cash grants that can be spent on operation costs like paying workers.
Now this will be available to up to 30,000 businesses trying to survive during the outbreak. “We want to do more”, said COO Sheryl Sandberg in a Facebook post. Teams across the Facebook company are working every day to help businesses. Facebook is looking at additional ways to host virtual training and will have more to share in the coming weeks. It is finding more ways to help people connect and also learn how to use technology through Blueprint, which is their free e-learning training program.
Facebook Funding
Now in addition Facebook announced that it’s partnering with the Lenfest Institute for Journalism and also the Local Media Association to offer a total of 1 million dollars in grants for U.S. and Canada newsrooms that need more resources to properly cover the pandemic. These individual grants will be for up to 5 thousand dollars.
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