Facebook commits $100 mln to support news media hurt by virus crisis

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Facebook commits $100 mln to support news media...
 © CyprusMail 2020
Facebook  Inc pledged $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.

Vatican’s 160-year-old newspaper L’Osservatore Romano, which suspended printing last week, was the latest in line of a number of print publishers struggling to...


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This article was automatically added to our system 3-4-2020

Facebook commits $100 mln to support news media hurt by virus crisis


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