Facebook wants to support local news

Facebook made an announcement yesterday saying that it wants to do more to support local news.

“We heard one consistent answer: people want more local news, and local newsrooms are looking for more support. That’s why today we’re announcing an expanded effort around local news in the years ahead.”

Read the full announcement here.

Facebook plans to spend $300 million on grants and funding for journalism projects to grow the number of journalists working in local news.

“But we also have an opportunity, and a responsibility, to help local news organizations grow and thrive. We know we can’t do it alone, but there is more we can and will do to help,” the release stated.