Last updated on December 8th, 2022 at 01:58 pm
The first portion of grants has already been sent to 50 local editorial offices in the USA and Canada
The American company Facebook today promised to allocate $ 100 million for financing and advertising expenses of news organizations, including local publishers in the USA, who are experiencing difficulties due to the coronavirus pandemic.
News publishers, especially print media, have been hit hard by the viral crisis, as many advertisers have scaled back their marketing budgets to cut costs in the face of the uncertainty caused by the pandemic.
The amount allocated by Facebook consists of $ 25 million for grants by the American media and $ 75 million for marketing expenses of news organizations around the world. The first portion of the grants has already been sent to 50 local editorial offices in the USA and Canada.
