Left Menu
Development News Edition

Report: Facebook offering 'millions' to publishers for news

PTI | San Francisco | Updated: 09-08-2019 04:25 IST | Created: 09-08-2019 04:21 IST
Report: Facebook offering 'millions' to publishers for news
Representative image Image Credit: ANI

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.


TRENDING

OPINION / BLOG / INTERVIEW

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...

Videos

Latest News

NHL-Stars seek 'another level' in Stanley Cup Final

The Dallas Stars have been a resilient group this postseason and so refuse to panic, even as their top players are in an offensive slump that has left the team one loss from being pushed to the brink of elimination in the Stanley Cup Final....

Australia eases lending laws to stimulate coronavirus-hit economy

Australia on Friday said it would simplify bank lending rules to free up credit in a bid to stimulate the economy, which slid into its first recession in nearly 30 years due to the coronavirus pandemic. The changes will ease the regulatory ...

Louisville anti-racism protests resume amid tensions over Breonna Taylor ruling

Louisville braced for a second night of unrest on Thursday after two policemen were shot and wounded during protests over a grand jurys decision not to bring homicide charges against any of the officers involved in the fatal shooting of Bre...

Through solidarity, humanity will overcome COVID-19 pandemic: Timor-Leste President

In a video pre-recorded for the event, Francisco Guterres also highlighted the need for global solidarity to defeat the crisis. I am deeply convinced that together in a genuine spirt of solidarity, humankind will overcome this challenge, ...

Give Feedback