Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

More News from Facebook

leave a comment »

Are you still getting a lot of your news from Facebook?

If so, you’ll be glad to hear Facebook is offering news outlets millions of dollars for the rights to put their content in a new news section that Facebook hopes to launch later this year.

According to a report from the WSJ, Facebook reps have told news execs they would be willing to pay as much as $3M a year to license headlines and previews of articles from news outlets.

Turbo to Facebook: I’ll do it for $1.5M!

Outlets FB pitched to: ABC News, Dow Jones, WAPO, and Bloomberg.

It’s unclear if this is a move intended to assuage all those publishers that have watched their digital revenues get sucked up into the FB vortex, or an honest-to-goodness attempt to compete with burgeoning aggregators like Apple News (and their paid version, Apple News +).

In any event, the WSJ seems to conclude that the publishers are (rightfully) skeptical — they’ve been burned by FB’s fake news models in the past (see Facebook for Instant Articles).

Written by turbotodd

August 9, 2019 at 4:15 pm

Posted in 2019, facebook, news

Tagged with , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: