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.
long 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.
And boy do local newspapers need the help: a recent study showed that 1,800 local news publications have closed or merged since 2004 — that’s one in five local papers. The impact of these so-called news deserts (communities that lack a local newspaper) can be felt during the elections process, with decreased voter turnout in those underserved areas.