Facebook Aims $100 Million at Media Hit by the Coronavirus

Posted Monday, March 30, 2020 7:54 am

Marc Tracy | New York Times

Facebook announced on Monday that it would dole out $25 million in grants to local news outlets and spend $75 million in a marketing drive aimed at news organizations internationally in response to the coronavirus-prompted economic downturn, which has caused advertising to plummet and has threatened media industry revenues.

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Facebook Aims $100 Million at Media Hit by the Coronavirus

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