Facebook to pay $5m to local journalists in newsletter push
Facebook has pledged to invest $1 billion in the news industry globally over the next three years
Reuters
April 30, 2021
PHOTO: REUTERS
Facebook on Thursday said it will give $5 million to pay local journalists in multiyear deals as part of its new publishing platform to help independent writers attract an audience and make money through the social media network.
The move is part of Facebook s answer to the trend of email newsletters, led by platforms like Substack, as it focuses on reporters who are often the lone voice covering a given community, the company has said.
(Photo : Pexels/Pixabay) Facebook news outlet
Social media giant Facebook announced on Apr. 29 that it will give $5 million to pay local journalists in multiyear deals as part of its new publishing platform to help independent writers attract an audience and make money through the social media network.
Facebook to Hire Journalists
The move is part of Facebook s answer to the trend of email newsletters, led by platforms like Substack, as it focuses on reporters who are usually the lone voice covering a given community, according to The Verge.
The publishing platform, which Facebook announced last month, will be integrated with Facebook Pages and will include a free self-publishing tool for journalists to send out newsletters or create their own websites.
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FRANKFURT, Feb 4 (Reuters) - RWE has filed a lawsuit to seek compensation from the Dutch government for the planned shutdown of a coal-fired power plant in the Netherlands as part of the country’s phase-out of the fuel.
RWE, Germany’s largest power producer, said its 1.56 gigawatt Eemshaven plant, which cost more than 3 billion euros ($3.6 billion) to build and has been in operation since 2015, would be affected by the Dutch phase-out plans from 2030.
“Unlike the German coal exit law the Dutch law does not envisage adequate compensation for this interference with the companies’ ownership,” RWE said. “We view this as unlawful.”
By Reuters Staff
2 Min Read
FRANKFURT, Feb 4 (Reuters) - RWE has filed a lawsuit to seek compensation from the Dutch government for the planned shutdown of a coal-fired power plant in the Netherlands as part of the country’s phase-out of the fuel.
RWE, Germany’s largest power producer, said its 1.56 gigawatt Eemshaven plant, which cost more than 3 billion euros ($3.6 billion) to build and has been in operation since 2015, would be affected by the Dutch phase-out plans from 2030.
“Unlike the German coal exit law the Dutch law does not envisage adequate compensation for this interference with the companies’ ownership,” RWE said. “We view this as unlawful.”