Facebook promises $300 million to help local news

Facebook is once again cozying up to local journalists as part of its ongoing commitment to supporting "high quality journalism." 

The company will invest $300 million into "news programs, partnerships and content," that benefit local news organizations in the United States and Europe, Facebook announced. 

The investment, which will be paid out over the next three years, covers a range of programs aimed at helping local news organizations. 

Some of the money will go to groups that work directly with local newsrooms, like the nonprofit Pulitzer Center and Report for America. Facebook is also investing a sizable chunk to its own Accelerator pilot, which helps local newsrooms create new subscription services and other "sustainable" business models. Read more...

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from Mashable http://bit.ly/2CrG95V