Facebook is taking more responsibility over its role in the media industry. CNET reports on the company's announcement: The social network on Wednesday announced a new initiative called the Journalism Project, which seeks to put Facebook on steadier footing with the news industry. As part of the effort, the social network will work to help train journalists on how to use Facebook as a reporting tool and assist the public in figuring out how to sniff out misinformation. "We know that our community values sharing and discussing ideas and news," Fidji Simo, director of product for the project, wrote in a blog post. "And as a part of our service, we care a great deal about making sure that a healthy news ecosystem and journalism can thrive." The initiative is part of an about-face for Facebook, which for a long time shrugged off its influence on the news and downplayed the impact of misinformation circulated on Facebook on the 2016 presidential election. The company is now acknowledging the significant role it plays in the consumption of news online, along with its ability to shape journalism's future.