Newsday was selected among 10 news organizations across New York to have been awarded more than $1 million in grants from Facebook’s relief fund, which provides a financial boost to outlets during the pandemic.
“Newsday is using the grant to create additional value for our subscribers, including the launch of a new subscriber deals and discounts program later this year,” Newsday publisher Debby Krenek said.
Newsday employs 670 workers and is owned by Pat Dolan, chief executive of Newsday Media Group. Newsday was selected through Facebook’s Local News Accelerator Program, focused on generating subscriptions and memberships.
In addition, the outlet also secured a $10 million Paycheck Protection Program loan last month to preserve jobs during the economic downturn.