Facebook launches Facebook News locally and A$15 million news fund

Facebook today launched a A$15 million news fund and the expansion of its Facebook News product to Australia, although only to a small number of users for the time being.

The Facebook Australian News Fund will invest in public-interest journalism, and support regional and digital newsroom innovation and economic sustainability. The support will be provided in the form of two funds, the Newsroom Sustainability Fund and the Public Interest Journalism Fund.

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