Facebook planning to invest $300 million in the next 3 years in the news program content and other enterprises. The investment will go regarding reporting permit for local newsrooms, growing the Facebook program to initiate local newsrooms with a contribution in business models and investing in a non-profit organisation to finance local news. These moves help the news industry in difficult time which is facing problem in profit-making and print readership. Facebook, like Google, has also been relatively condemning for the continuing reduction in news paper’s share of advertising dollar as people and other advertisers have come online.
Campbell Brown, the head of the Facebook global news partnerships, confess the company can not uninvent the internet but also said that the company also have to work with the publisher to support them to succeed on and away from the social network. The company is moving throughout an enormous transformation that has been pending for a long time. The company also mention that no one has completely figured out finally what is the future of Journalism is going to examine, we support and be a part to finding the best solutions.
The company says the user has been inquiring to watch additional local content that is close to them, which contain news stories and fraternity details. The big investment also contains $5 million allowed for the non-profit organisation that is Pulitzer Center to announced “Bringing Stories at Home”. An investment that will support local newsrooms with reporting allows helping coverage at local issue. In the report, there is also $2 million investment in Report for America as a segment of the partnership pursuant to place 1000 journalists in the local newsrooms from different countries in the next 5 years.
Amit is from Ujjain. His passion for gadgets got him to write content for techno secrets. Apart from gadgets, Amit loves to travel and is a big time foodie. In his spare time, Amit likes to know about things related to ancient history, new discoveries and the latest trends going on in the market.