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Facebook commits $100m to support news media hurt by virus crisis

Published by Peoples Daily on Wed, 01 Apr 2020


Facebook Inc on Monday pledged $100 million in financing and advertising spending to support news organizations, including local publishers in the United States, reeling from pressure due to the coronavirus pandemic. News publishers, especially print media, have taken the brunt as many advertisers pulled their marketing budgets to rein in costs because of virus-related uncertainty. []
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