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.
Critics say the funding does not nearly compensate for the tens of billions of dollars publishers lost as the tech companies gobbled up the digital advertising market.
Facing regulatory and political pressure, Facebook and Alphabet Inc’s Google in recent years committed a combined $600 million to support news outlets globally - many of them local or regio
Throughout the digital age, many local news organizations have been struggling to adapt. Large corporations like Google and Facebook have pledged to financially support these outlets, but many view these efforts as perfunctory, insufficient, and self-serving.