Just announced by Facebook: $100 million in new funding to "support news industry during the coronavirus crisis." $25 million in direct grant funding, $75 million in marketing $$ since other advertisers are pulling ads https://t.co/JWK4SFhCK7

— Brian Stelter (@brianstelter) March 30, 2020

Journalists are working around the clock to bring us vital information about the coronavirus outbreak. Today, Facebook is announcing a $100 million investment to support news organizations and reporters as they navigate the economic impact of the crisis. https://t.co/14k9WWrEOr

— Campbell Brown (@campbell_brown) March 30, 2020

Campbell Brown, $FB head of news partnerships & former CNN anchor, on its cash for newsrooms: “Advertising money is shrinking fast and even though news consumption is up, it is not making up for those losses, so we are trying to help bridge that gap.” https://t.co/rYOhQf03kD

— Josh Jamerson (@joshjame) March 30, 2020

Happy to see us help the news industry navigate this crisis. https://t.co/VIo689RBfq

— Adam Mosseri (@mosseri) March 30, 2020

Glad to see Facebook doing this, it's good PR and the grants are helpful. But spending $75mil buying ads for Facebook isn't an act of charity — it's just a welcome business transactionhttps://t.co/ldwd8hcKEk

— Joshua Benton (@jbenton) March 30, 2020

How about a rev share on advertising? A system to deliver subscribers? https://t.co/iMHARZkcUu

— Michael Learmonth (@learmonth) March 30, 2020

These challenging times require strong and independent journalism! We are expanding our efforts to support the News Industry with additional $100 million.https://t.co/HLsLJ3zagJ

— Jesper Doub (@Sofus_D) March 30, 2020

Facebook Aims $100 Million at Media Hit by the Coronavirus — Quality, publicly accessible journalism is essential to public heath, the Coronavirus crisis is hitting publications hard, this support is timely and needed ??? https://t.co/3HL9pItpuX

— Jonah Peretti (@peretti) March 30, 2020

Could @Facebook be local media’s knight in shining armor? https://t.co/UmgqynfVvQ

— WWD (@wwd) March 30, 2020

Let’s say-as an extraordinary measure in these #coronavirus days-@Facebook committed 10 percent of annual profit (equivalent to the gdp commitment of some governments) to recovery, supporting journalism and content creators that make the stuff it sells: that’d be $700 million: https://t.co/LJJiGF8azF

— Gaven Morris (@gavmorris) March 30, 2020

I don't know who needs to hear this but Facebook giving away $75m worth of free ads on Facebook when demand for ads has tanked anyway is not "investing $75m". https://t.co/R8B3bvHWJY

— Laurie Voss (@seldo) March 30, 2020

HUGE: @Facebook is putting $100M into helping newsrooms through the coronavirus crisis -- $25M in direct grants, $75M in marketing spend. Holy wow. https://t.co/lBAVmC7pNq

— Chris Krewson (@ckrewson) March 30, 2020

Facebook is buying $75 million worth of ads and is presenting this as some sort of altruistic activity to save journalismhttps://t.co/Ae4zMD0asf

— Judd Legum (@JuddLegum) March 30, 2020

pleased to announce, by the logic of this post, that I have set up a £100 fund to help the board games industry in this trying time https://t.co/z0yN42MTAl

— hern (@alexhern) March 30, 2020

FB announcing a "$100 million investment to support the news industry—$25 million in emergency grant funding for local news through the Facebook Journalism Project, and $75 million in additional marketing spend", @campbell_brown writes https://t.co/JVgZUNrT21

— Rasmus Kleis Nielsen (@rasmus_kleis) March 30, 2020

Facebook is investing $100 million in the local news industry during the coronavirus crisis. $25 million in direct grant funding, $75 million in marketing due to drop in advertising dollars. https://t.co/eJB0qNKgXI

— Tracie Powell (@TMPowell) March 30, 2020

Once upon a time, only nation-states could carry out these kinds of Keynesian counter-cyclical spending policies: https://t.co/Iyj8pULbKA via @PranavDixit

— Scott Lucas (@scottlucas) March 30, 2020

$75 million in Facebook ad spend subsidized for newspaper SMBs

basically this is a user acquisition campaign to drive local news subs

cf. every startup spending millions in venture dollars on app-install adshttps://t.co/inJZVLUmus

— rat king (@MikeIsaac) March 30, 2020

Facebook says it will give out $25 million in grants to local news outlets hit by coronavirus-related advertising downturn https://t.co/02uUdVJ39o

— Lori Streifler (@LoriSatCNS) March 30, 2020

Facebook pledges $25m in grants in local news, $75m in marketing spend to news orgs in acknowledgement of ad shortfall hurting media industry https://t.co/k0NBRRtx3c

— marc tracy (@marcatracy) March 30, 2020

Facebook's $100 million pledge for news media is good. But I wish they'd just share 5% of the ad revenue they make from those outlets' content https://t.co/nVoch3tW7r

— Don Clark (@donal888) March 30, 2020

This is the equivalent of burning someone's house down and then offering to mow the lawn. https://t.co/rXYPxwVsSI

— Evan DeSimone (@Media_Evan) March 30, 2020

Facebook commits $100 million to support news media hurt by virus crisis https://t.co/URCMvNLpmq

— Reuters China (@ReutersChina) March 30, 2020

Today, @Facebook pledged to invest $100 million in local & global news outlets amid the #coronavirus pandemic.

Great to see tech companies like FB supporting the media at a time when accurate, reliable reporting is more important than ever. #COVID19https://t.co/amUaS0CPl5

— Global Health Strategies (@GHS) March 30, 2020

"Accurate reporting is more important than ever". How Facebook uses COVID to launch is FB Journalism Project.https://t.co/sG3vJZeqc1@Karolien1231 @B_Hf_T @HealthBuzzBE @numerikare @Vclaes66 @FranceDammel @dr_wardsam

— Karolien Haese (@Karolien1231) March 30, 2020

Facebook invests $100M in journalism as COVID-19 makes it more vital than ever https://t.co/pwT9N01OBi pic.twitter.com/XjmK949yeN

— The Verge (@verge) March 30, 2020

BIG NEWS!!! Facebook invests additional $100 million to support news industry during the Coronavirus crisis.

Thanks @campbell_brown @dorrine @jason_w_white @iJoshMabry https://t.co/HiC0IwsfU3

— Nancy Lane (@localmediarocks) March 30, 2020

Facebook will grant $25 million to local news https://t.co/wFyW8cmlGz

— FutureShift (@futureshift) March 30, 2020