Google and Facebook

In the US alone, digital and print ad revenue for newspapers fell to $14.3 billion in 2018 from $49.4 billion in 2005. (File/AFP).

Google, Facebook pledged millions for local news. Was it enough?

  • Google and Facebook pledged $600 million to support news outlets globally.
  • Analysts indicate that this sum does not begin to compensate for the tens of billions of dollars publishers lost as tech companies dominated the market.
By Reuters ·