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How Facebook and Google became 2 of the world's biggest funders of journalism

from Columbia Journalism Review

In March, Google announced with much fanfare the launch of the Google News Initiative, a $300 million program aimed at "building a strong future for journalism," as the company put it. That came on top of the previous Digital News Initiative, which was set up by Google in 2015 and included a $170 million innovation fund aimed at the European media industry. Facebook, too, has been funneling money into journalism projects. more

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