Facebook Monday pledged $ 100 million in funding and advertising to support news organizations - including local publishers in the United States - that are under pressure due to the Corona virus pandemic.
The news publishers - especially the print media - bear the brunt, as many advertisers withdraw their marketing budgets to curb costs due to the Corona pandemic.
L'Osservatore Romano, a 160-year-old newspaper in the Vatican, stopped printing last week, becoming the last publication to print and struggle to work in safe conditions after the outbreak.
Facebook said the grant includes $ 25 million in urgent financing for local media, and $ 75 million in marketing expenditures for news organizations worldwide.