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First, not accusing you of being far right (to the contrary I specifically stated I was not). I was responding to specific point in your comment. They don't ha
by throwaway5752 8y ago
First, not accusing you of being far right (to the contrary I specifically stated I was not).
I was responding to specific point in your comment. They don't have a huge trust fund, they have a public budget. They don't run a deficit, but they have areas they would invest in if they had more donations. If they ceased getting donations, they would not be able to operate.
To the point of this article, I think Facebook has approximately zero credibility in this area, whether they donate to local news companies or anyone else. They have done as much as anyone to kill local news (by moving the content into the newsfeed as by creating bad metrics that caused many news companies to pivot to video content).
https://talkingpointsmemo.com/edblog/data-lords-the-real-story-of-big-data-facebook-and-the-future-of-news https://talkingpointsmemo.com/edblog/data-lords-the-real-sto... is an interesting article from a small media company if it's interesting to you.
ps - upvoted you, I don't see why you've been downvoted.