https://techcrunch.com/2019/01/15/facebook-local-news-2/

Facebook plans to make a significant investment in local news over the next three years, with $300 million going to a variety of initiatives and organizations.

The company has had a rocky relationship with news publishers recently. While it’s funded programming from partners like CNN and Fox News, it’s also played a role in some of the industry’s most dispiriting trends, like the so-called “pivot to video” — and several of the digital publishers that bet big on the platform have been struggling (to say the least).