Facebook has announced that’s
it’s investing $300 million in news programs, partnerships and content over the
next three years, with the focus being local news.
Among the items the tech giant is investing
in, according to Facebook:
Report for America : A $2 million investment in the initiative to place 1,000
journalists in local newsrooms across the country over the next five years.
Knight-Lenfest Local News Transformation Fund: A $1 million investment in this fund will be dedicated to a
news innovation and tech hub being created to help evaluate and improve how
tech is used in newsrooms.
Local Media Association and Local Media
Consortium: A $1 million
investment across the two organizations to help more than 2,000 local member
newsrooms better develop and implement revenue streams through branded content
on and off Facebook.
American Journalism Project: A $1 million commitment to this journalism enterprise aimed at
growing and sustaining local civic news organizations through venture
philanthropy.
Community News Project: A $6 million project, announced at the end of 2018, partnering
with some of the biggest regional publishers in the U.K. to recruit trainee community
journalists and place them in local newsrooms over a two-year period.
Facebook says it will commit over $20 million
to continue and globally expand its Accelerator pilot, which launched in the U.S. in 2018 to
help local newsrooms with subscription and membership models, according to
Facebook.
Facebook is going to hold a two-day
“Accelerate: Local News” summit early this year, in partnership with Knight
Foundation and the Online News Association.
“This is just the beginning,” said Campbell
Brown, head of Facebook’s News Partnerships, according to
Poynter.
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