Reuters provides insight into how Google, Facebook pledged millions for local news

Reuters provided insight into how Facebook and Alphabet Inc’s Google in recent years committed a combined $600 million to support news outlets globally, many of them local or regional enterprises foundering in a digital age. But the funding – set to last three years – does not nearly compensate for the tens of billions of dollars publishers lost as the tech companies gobbled up the digital advertising market, according to media analysts and news business executives. 

Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Technology
Regions: Global
Win Types: Impact (Long Term)
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Major Global Story
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