Facebook says to invest $300 million in journalism

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NEW YORK, Jan 15, 2019 (BSS/AFP) – Facebook announced Tuesday that it will
invest $300 million dollars in various projects related to journalism,
especially to promote local news, which has been hit hard in the digital age.

“Over the next three years, we will invest $300 million in news programs,
partnerships and content,” Campbell Brown, Facebook’s vice president in
charge of global news partnerships, said in a message posted on the social
media site.