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Facebook will spend $300 million to help local newsrooms
Facebook is investing $300 million into news partnerships over the next three years in a bid to boost local newsrooms. It's all part of its ongoing efforts to mend ties with the press while cleaning up misinformation on its site. Along with the $20 million Facebook has already doled out as part of its local news partnerships expansion, it will distribute $16 million among the following non-profits and support organizations: Pulitzer Center, Report for America, the Knight-Lenfest News Transformation Fund, the Local Media Association, the Local Media Consortium, the American Journalism Project, and the Community News Project.
Facebook program aims to boost local news subscriptions
Just because Facebook is downplaying publishers in your News Feed doesn't mean it's uninterested in giving media outlets a helping hand. The social network's Journalism Project is launching a Local News Subscriptions Accelerator that will help "metro newspapers" grow their reader bases. The $3 million, 3-month pilot will have 10 to 15 publishers participate in weekly training and once-a-month meetings to improve their digital subscription marketing both on and off of Facebook, including the creation of tailor-made projects with funding.
Facebook's fix for journalism involves digests and subscriptions
Facebook's efforts to mend fences with journalists just got a formal name. The social network just launched the Facebook Journalism Project, an initiative meant to "establish stronger ties" with the news world. The program will have it working with journalists on new business models, offering journo-friendly tools and encouraging everyone to both read critically and fight fake news.
