Google and Facebook throw money into local news

Google is launching software to help local news publishers, and Facebook is donating to organizations that support journalism.

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Many local news outlets are facing an existential crisis.

As local newspaper readership continues to wane, there hasn’t been a corresponding internet phenomenon to replace the daily local paper. Experiments like Gothamist and DNAInfo, websites devoted to local news, were shuttered last year by management claiming it couldn’t see a profit.

Local newsrooms saw drastic cuts over the course of a decade.

Pew Research reported:

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