Facebook offers publishers millions of dollars for rights to publish news on its site: Report

Facebook offers publishers millions of dollars for rights to publish news on its site: Report

Facebook offers publishers millions of dollars for rights to publish news on its site: Report

Comments Off on Facebook offers publishers millions of dollars for rights to publish news on its site: Report

Facebook offers publishers millions of dollars for rights to publish news on its site: Report

Facebook is reportedly in talks with news publishers to offer “millions of dollars” for the rights to publish their material on its site. The move follows years of criticism over its growing monopolization of online advertising to the detriment of the struggling news industry. The Wall Street Journal reported Thursday that Facebook representatives had told news executives that they’d pay as much as USD 3 million a year to license stories, headlines and other material. Facebook declined to comment but confirmed that the company is working on launching a “news tab” for its service this fall.

Facebook CEO Mark Zuckerberg began talking about a news section on the service in April. A person familiar with the matter confirmed that Facebook has approached News Corp. about paying to license Wall Street Journal stories. The person requested anonymity because they were not authorized to speak publicly about the matter.

The Journal report was not clear as to whether Facebook was offering USD 3 million to individual publishers or in total to all news organizations. Many in the news industry have long blamed Facebook and Google for using their content for free while the social network slurped up the majority of digital ad dollars, imperiling the news industry.

A bipartisan bill introduced in Congress this year would grant an antitrust exemption to news companies, letting them band together to negotiate payments from the big tech platforms. The Washington Post, which was also named in the report as a company Facebook approached, declined to comment. The Walt Disney Co., which owns ABC, did not immediately respond to a message for comment.

[“source=businesstoday”]

Lili

Related Posts

Facebook blocks could open the door to online censorship

Comments Off on Facebook blocks could open the door to online censorship

Confidential emails sent by Facebook executives leaked online

Comments Off on Confidential emails sent by Facebook executives leaked online

EU says sites using Facebook’s Like button are responsible for your data

Comments Off on EU says sites using Facebook’s Like button are responsible for your data

Facebook design flaw let thousands of kids join chats with unauthorized users

Comments Off on Facebook design flaw let thousands of kids join chats with unauthorized users

Roger McNamee: ‘It’s bigger than Facebook. This is a problem with the entire industry’

Comments Off on Roger McNamee: ‘It’s bigger than Facebook. This is a problem with the entire industry’

Instagram and WhatsApp will add ‘from Facebook’ to their names

Comments Off on Instagram and WhatsApp will add ‘from Facebook’ to their names

CES 2019: Intel Working With Facebook on AI Chip Coming Later This Year

Comments Off on CES 2019: Intel Working With Facebook on AI Chip Coming Later This Year

Facebook: Too Big To Fine

Comments Off on Facebook: Too Big To Fine

Facebook ‘to be fined $5bn over Cambridge Analytica scandal’

Comments Off on Facebook ‘to be fined $5bn over Cambridge Analytica scandal’

Can You Trust Facebook’s Libra Cryptocurrency? Initial Regulatory Indicators Aren’t Exactly Positive

Comments Off on Can You Trust Facebook’s Libra Cryptocurrency? Initial Regulatory Indicators Aren’t Exactly Positive

Facebook says the Christchurch attack live stream was viewed by fewer than 200 people

Comments Off on Facebook says the Christchurch attack live stream was viewed by fewer than 200 people

6 apps that can hack your Facebook, WhatsApp, Instagram data

Comments Off on 6 apps that can hack your Facebook, WhatsApp, Instagram data

Create Account



Log In Your Account