Quantcast
Connect with us

Facebook to invest $300 million to help local news survive

Published

on

Facebook Inc will invest $300 million over three years in local news globally as it faces blistering criticism over its role in the erosion of the news business worldwide.

The investment in time and money is a significant expansion of a plan to help newsrooms in the U.S. and abroad create and sustain viable business models to survive, the company said on Tuesday.

ADVERTISEMENT

Unlike earlier investments in the news business, this latest round is distinguished by how it is not tied to Facebook-related products, recipients of the investments say.

Earlier rounds of investments in the news business were designed to encourage publishers to rely on delivering its products over Facebook, which eventually hurt many news organizations when Facebook’s strategies shifted.

“We’re going to continue fighting fake news, misinformation, and low quality news on Facebook,” Campbell Brown, Facebook’s vice president of Global News Partnerships said in a statement. “But we also have an opportunity, and a responsibility, to help local news organizations grow and thrive.”

Critics have slammed Facebook for its role in providing a platform for hate speech, misinformation and political meddling.

The first round of investments in the U.S. will help bolster resources for local reporting, help research how to use technology to improve news gathering and create new products, recruit “trainee community journalists” and place them in local newsrooms and also help fund a program modeled after the Peace Corp, which will place 1,000 journalists in local newsrooms over five years.

ADVERTISEMENT

The recipients of the investments include the Pulitzer Center, Report for America, Knight-Lenfest Local News Transformation Fund, the Local Media Association and Local Media Consortium, the American Journalism Project and the Community News Project.

Fran Wills, CEO of the Local Media Consortium, an alliance of 80 news companies representing 2,200 outlets, said Facebook is helping the group create a branded content program aimed at attracting new advertisers. “Facebook is making this investment to help support local media companies … open up new revenue streams that will support local journalism,” she said.

Last December, it announced a $6 million investment in local publishers in Britain. It also plans to expand an “Accelerator” program it launched last year to help local newsrooms such as the San Francisco Chronicle and the Denver Post improve its ability to attract subscribers and membership donations.

ADVERTISEMENT

“It’s in their best interest to have as much credible content as they can have on their platform and that’s a direct benefit to consumers,” Wills said.

Reporting by Kenneth Li; Editing by Christopher Cushing

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Incel blew his hand off — and may have been planning for suicide bomber attack on ‘hot’ cheerleaders: report

Published

on

A young man in Virginia was photographed for his mugshot with extensive facial injuries.

"A 23-year-old Virginia man who appeared to be planning an incel bomb attack on "hot cheerleaders" accidentally blew off his hand with explosives, authorities say," BuzzFeed News reported Saturday. "Cole Carini was charged in federal court on Friday connection with the plot after he allegedly lied to FBI agents by saying his extensive injuries were the result of a lawnmower accident."

Continue Reading

Breaking Banner

Big turnout for protest in Texas town known as a ‘haven’ for the Ku Klux Klan

Published

on

Protesters gathered in Vidor, Texas on Saturday for a rally against racism and police violence.

https://twitter.com/JordanJamesTV/status/1269366486189080576

The East Texas town has long had a reputation for racism.

Vidor is a small city of about 11,000 people near the Texas Gulf Coast, not too far from the Louisiana border. Despite the fact that Beaumont, a much bigger city just 10 minutes away, is quite integrated, Vidor is not. There are very few blacks there; it's mostly white. That is in large part because of a history of racism in Vidor, a past that continues to haunt the present," Keith Oppenheim reported for CNN in 2006.

Continue Reading
 

Breaking Banner

BUSTED: Key Trump aide caught pushing racist vigilantism on social media

Published

on

Video of a chainsaw-wielding Texas man threatening protesters while shouting the n-word went viral on Friday.

While many people were shocked by the video, one of President Donald Trump's top advisors supported the racism and vigilantism in documented in the video, according to a new report.

"President Donald Trump and his allies for years have amplified racist messages on Twitter while simultaneously reaching out to black and Hispanic voters, a dissonant balancing act that’s now rocking the GOP amid nationwide racial-justice protests," Politico reported Saturday. "The two competing forces collided Saturday on the Twitter feed of Trump campaign senior adviser Mercedes Schlapp, when she boosted a tweet that lauded a man in Texas in a viral video as he yelled the n-word and wielded a chainsaw to chase away anti-racism demonstrators."

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image