Google To Launch Local News Startups In 3 'Mid-Sized' American Cities [zero hedge]
Meta Platforms, Inc. - Class A (FB)
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Source: zero hedge
Any "reporters" who were fired during the mass layoffs last year at Vice, the Huffington Post and Buzzfeed might want to think about sending a resume Google's way (though it's highly probable that the search behemoth has them all on file already).According to Axios, Google is partnering with McClatchy to launch a new local news venture under the auspices of its Google News Initiative.Last year, the tech giant pledged to invest $300 million over three years in locally-focused digital media ventures, a decision that was widely seen as a sop to critics who accused Google, Facebook and other tech giants of helping to dismantle the US media industry. Now, details of its plans are beginning to leak. The first step, apparently, will be launching locally focused digital news ventures in three medium-sized US cities - that is, cities with a population less than half a million people.McClatchy and Google chose mid-sized cities based on the belief that they have been the hardest hit by the hollo
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