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Facebook Will Create A New Zealand Fund To Pay Local Publishers

By  |  November 3, 2021

Facebook said it would invest in New Zealand to promote up and coming news publishers and boost their digital capabilities, a month after the social media giant landed in hot water with Australian media outlets over content licensing.

Facebook, which did not disclose its investment amount, said its program would include training local publishers from diverse backgrounds to drive their digital audience and revenue growth, both on and off Facebook.

According to Reuters, Meta also said it would partner with the International Center for Journalists to set up an advisory panel comprising five Kiwi media personnel who will help develop talent selected under the program.

The move comes just days after an Australian academic publisher urged the government to enforce a new law to compel Facebook to negotiate a content deal, as it did with other large media companies such as News Corp  and the Australian Broadcasting Corp.

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