Facebook has approached several prominent news organizations to license its content for a new news-oriented section of the Facebook site, The Wall Street Journal reported on Thursday.
It's a significant change in strategy for the social media giant, which previously explored an ad-sharing model under Facebook's Instant Articles program.
The Journal reports that Facebook has approached a number of news outlets, including ABC News, Dow Jones (parent of the WSJ), The Washington Post, and Bloomberg.
Deals would last for three years, according to sources who talked to the Journal.
The new initiative could launch as early as this year, though it's not clear if any news outlets have actually agreed to Facebook's terms.
Why Facebook might want to do this is easy to see.
Facebook is prepping the launch of a “news tab” that could see media outlets paid millions of dollars in exchange for their content.
News of the plan first appeared in the Wall Street Journal on Thursday and was later confirmed by Facebook to Digital Trends, though the social networking giant declined to offer any specific details about the initiative.
Sources claiming to have knowledge of the matter told the Journal that Facebook has so far approached the likes of ABC News, Dow Jones, The Washington Post, and Bloomberg to offer up to $3 million a year in exchange for their news content.
But it’s not currently clear if this figure is per media outlet or a payment to be shared across the companies.
Either way, it marks a move away from the payment model used by Facebook’s Instant Articles, which gives publishers a cut of the revenue generated by ads shown with the stories.
The new section will reportedly allow media outlets to decide how much of an article shows on the site.
Last month, once terms of The Apple’s new deal for journalism were proclaimed, I warned that it appeared like a foul deal for publishers.
CNN’s Brian Stelter according to that, in keeping with an indoor Journal note, Apple News and an assortment additional Journal articles are also accessible within the app however the thought looks to be that they'll essentially be not possible to seek out, Journal newsman Amol Sharma according.
This is additionally to incorporate lots of-of them are doing it for a protracted time.
additionally to Texture, the subscription magazine service that Apple noninheritable to make News and, Scribd has offered magazines as a part of its bundle since last year.
Apple aforementioned nowadays than three hundred magazines are going to be a part of Apple News and, as well as ones you would possibly truly wish to browse, like The American, The Atlantic, National Geographic, and Vogue.
once publishers area unit too weak to barter deals which will buy the value of their journalism all suffer.
Last month, once terms of The Apple’s new deal for journalism were proclaimed, I warned that it appeared like a foul deal for publishers.
CNN’s Brian Stelter according to that, in keeping with an indoor Journal note, Apple News and an assortment additional Journal articles are also accessible within the app however the thought looks to be that they'll essentially be not possible to seek out, Journal newsman Amol Sharma according.
This is additionally to incorporate lots of-of them are doing it for a protracted time.
additionally to Texture, the subscription magazine service that Apple noninheritable to make News and, Scribd has offered magazines as a part of its bundle since last year.
Apple aforementioned nowadays than three hundred magazines are going to be a part of Apple News and, as well as ones you would possibly truly wish to browse, like The American, The Atlantic, National Geographic, and Vogue.
once publishers area unit too weak to barter deals which will buy the value of their journalism all suffer.
Mark Zuckerberg has talked about Facebook's new features announced at F8 conference 2019.
With the new updates, Facebook is going to be more secure now.
>eBay and many more, this popular and one of the oldest social media networks have finally made noticeable progress in its area of building blockchain network by the official announcement of the launch of Libra.
Although it is termed as a cryptocurrency, according to Facebook’s vision on this project, Libra will soon become a new form digital money, that can be used in both online and offline transactions in near future.
The target users of Libra on an initial stage will be the people from developing countries, who lack access to traditional banking.
It is predicted that very soon, Libra will attain the same stability as a dollar today and will be used as a complete mainstream cryptocurrency, wholly decentralized and global form of transaction—from banking to taking loans on credit.
They are here to ensure that every unit of Libra Reserve will have an entity of intrinsic to value to be backed, unlike the scarcity issue of Bitcoin.
Apart from running and governing the functionalities of Libra, the Libra Association is also responsible for keeping track of the underlying blockchain as well as the overall evolution of the ecosystem.
