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Facebook aims US$100m at media hit by the coronavirus

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Facebook announced Monday that it would dole out US$25 million in grants to local news outlets and spend US$75 million in a marketing drive aimed at news organisations internationally in response to the coronavirus-prompted economic downturn, which has caused advertising to plummet and has threatened media industry revenues.

[NEW YORK] Facebook announced Monday that it would dole out US$25 million in grants to local news outlets and spend US$75 million in a marketing drive aimed at news organisations internationally in response to the coronavirus-prompted economic downturn, which has caused advertising to plummet...

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