Inside Facebook’s $1.6 Billion Bid to Save Journalism: Secret Deals, Favored Partners and Few Details

Facebook has been spreading around lots of dollars, but critics call it a PR stunt

There aren’t many companies that can say they’ve poured hundreds of millions into journalism in the last few years. Facebook has — $600 million over since 2018 — and it is promising another $1 billion in the next three years.

Yet when surveying those around the journalism and media world, the jury is still out on whether and how much Facebook’s funding is helping its stakeholders — or merely buying good PR.

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Antoinette Siu

Media and Tech Reporter • antoinette.siu@thewrap.com • Twitter: @antoinettesiu