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| Facebook donates 100 million dollars to support media because of Corona |
On Monday, Facebook pledged to spend $ 100 million in funding and advertising to support news organizations, such as local American publishers, due to pressure from the Coronavirus (COVID-19) epidemic.
This promise comes at a time when news publishers, especially the print media, were the first to strike and many advertisers were withdrawing their marketing dollars to control costs due to viral insecurity.
L'sservatore Romano, which was published in the Vatican 160 years ago, was suspended last week and is the latest publication among many print publishers who find it difficult to work safely after the epidemic.
Facebook said the grant included $ 25 million in emergency funding for local media and $ 75 million in marketing expenditures for international news organizations. The social network added that the first tranche of funding was given to 50 local newsrooms in the United States and Canada.
It should be noted that Facebook is not the first company to support the media since it was the parent company Google Alphabet - and announced on Friday that it had donated more than $ 800 million in advertising funds and donations to companies, governments and health organizations.