The City University of New York, Mozilla and Facebook and other leaders of the tech industry and a number of non-profits joined together in launching a fund of $14 million dedicated to supporting news literacy.
This money will be used to invest in New Integrity Initiative with a goal of increasing the trust in worldwide journalism and of better informing public conversation.
Other supporters of the investment include the Ford Foundation, the Craig Newmark Philanthropic Fund, the John and James Knight Foundation, the Democracy Fund, Betaworks, AppNexus and the Tow Foundation.
Monies will be allocated to projects and applied research, as well as facilitating meetings to be held with experts in the industry.
The project will be administrated by the CUNY Graduate School of Journalism.
The news partnership head at Facebook said as part of its Facebook Journalism Project, it would give people the necessary tools to be discerning over the information seen online.
The improvement of new literacy is a concern that is global in size and the diverse group that has been assembled through CUNY brings experts from across the globe together to work toward building communities that are more informed.
The participation of Facebook can be considered controversial, as it denies that it is a media company, like rebuking the claims that the fake news found on its social media site affected last year’s presidential election outcome in the United States.
The social media behemoth has run into criticism that it had censored viewpoints of conservatives in its trending section. Facebook CEO Mark Zuckerberg has claimed that was not the case, but those same accusations led to changes in how trending topics are now selected.
Over the last couple of months, Facebook has attempted to strengthen relationships with the press and has embarked on visiting journalists and handing out peace offerings to those that attend.
The Craigslist founder, Craig Newmark said that U.S. history in high school is where he learned that a trustworthy press is democracy’s immune system.
As someone I call a news consumer, as the majority of people are, I want to see news that is trustworthy, said Newmark. That in turn means standing up for new media that is trustworthy and learning ways to spot deceptive and clickbait news.
At this time, 19 individuals and organizations signed up to help with the project.
Other backers as well as participants are being considered to expand this effort of betting informing communities.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/fund-of-14-million-launched-to-help-news-integrity/1722920.html
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.