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Why Meta’s withdrawal from journalism will hurt local media companies

“Looking beyond LMA, any guesses on who is the largest funder of Report for America? That’s right. The Meta Journalism Project donated $6.5 million. I believe that’s a little more than 40% of the total raised to date. That means 120 reporters could go away if other funders don’t step up.” Repeat after me: don’t depend on Meta. For anything.

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