Facebook invests $ 100 million in journalism during the coronavirus crisis

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Facebook is helping the media as advertising revenue declines.

Image from Pixabay / CNET Illustration

For the most up-to-date news and information on the coronavirus pandemic, visit the WHO website.

Facebook said Monday it would invest $ 100 million in the news industry as media around the world strives to cover the coronavirus outbreak. Will award $ 25 million in grants to local news organizations through its Journalism projectWhile $ 75 million will be spent on boosting social network marketing.

"If people need more proof that local journalism is a vital public service, they are getting it now," Facebook said in its statement.

This story will be updated shortly.

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