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Facebook to invest US$300mil to help local news survive


(Reuters): Facebook Inc will invest US$300mil over three years in local news globally as it faces blistering criticism over its role in the erosion of the news business worldwide.

The investment in time and money is a significant expansion of a plan to help newsrooms in the US and abroad create and sustain viable business models to survive, the company said on Tuesday.

Corporate News , Technology , Facebook

   

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