On Wednesday, Google has announced it will launch a journalism emergency fund. This fund will help local news outlets struggling to continue their operation during coronavirus pandemic. Google Launched Journalism Emergency Relief Fund.
What Google is Doing:
Google, the internet giant has not said anything much about this fund. But they will donate a “low a thousand dollars” to the small local news outlets and a “low ten thousand dollars” for the big news outlets.
The move comes with the media sector facing deep cutbacks resulting from the global consumer lockdown, an intense economic slump, and retrenchment in advertising revenues that many news outlets depend on.
Google Launched Journalism Emergency Relief Fund- What Google Said About This:
“Local news is a vital resource for keeping people and communities connected in the best of times,” said Richard Gingras. Richard Gingras is the Vice President of Google News.
He further goes on adding, “Today, it plays an even greater function in reporting on local lockdowns or shelter at home orders, school and park closures, and data about how COVID-19 is affecting daily life.”
He also said, “At the end of the process, we’ll announce who has received funding and how publishers are spending the money,”. Gingras believes the funds will help the outlets to open at this time.
“We believe it is important to do what we can to alleviate the financial pressures on newsrooms and will continue to look at other ways to help with more to announce soon,” says Gingras.
What Facebook Is Doing For The News Outlets:
Facebook on 30th March announced they are donating $100 million to support news organizations. In Indian value, Facebook has donated nearly 767 crores to the news outlets.
In recent months, Google and Facebook have come forward to help news organizations to fight the coronavirus pandemic. They are also being criticized that their online advertisement has made it difficult for media to profit from digital operations.