Facebook announced this morning that local newsrooms trying to report on the COVID-19 pandemic will provide additional $ 100 million in support, while the same pandemic will significantly impact their bottom line.
The company says the funding will consist of $ 25 million in local reporting grants and $ 75 million in marketing to news organizations around the world.
"If people need more evidence that local journalism is an important public service, they can get it now," Campbell Brown, Facebook's vice president of global news partnerships, said in a blog post. "And although almost all companies face the negative financial impact of this crisis, we recognize that we are in a more privileged position than most and we want to help."
Earlier this month, Facebook initially announced $ 1 million in grants to fund pandemic coverage. Today, 50 newsrooms are to be supported in the United States and Canada. Examples include South Carolina's Post and Courier (who use the money to cover travel and remote work needed to extend coverage to rural areas), the Southeast Missourians (funding remote work and emergency plans to send messages to older people) Reader) and El Paso Matters (hiring freelance reporters and translators).
This funding adds to the $ 300 million Facebook has provided for local news last year, as well as the $ 100 million in grants to small businesses affected by COVID-19 that was announced earlier this month .