Facebook Is Both Killing and Funding Local Journalism

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On Wednesday, Facebook announced the first round of grant recipients for what it is calling its Facebook Journalism Project Community Network. The 23 media outlets who will receive the money—between $5,000 and $25,000 per newsroom—were chosen by Facebook’s partner: the Lenfest Institute, a non-profit entity set up by former cable magnate Gerry Lenfest in part to finance the continued operation of the Philadelphia Inquirer and Philadelphia Daily News.

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