Facebook has reportedly tied up with major media houses to launch a dedicated news tab on its platform. According to the Wall Street Journal, publications such as News Corp, Dow Jones, New York Post, Washington Post, and others will help social networking platforms fulfill their ambitions to become news players.
The report said Sunday that the New York Times was in talks with Facebook, but a paper spokesperson declined to comment on whether it had reached a deal.
Facebook CEO Mark Zuckerberg talked about a news section on his platform in April.
The section will reportedly be free to users, although Facebook may pay publishers whose work is featured.
Facebook is in talks with news publishers to offer $ 3 million for rights to publish content on its upcoming news tab.
Zuckerberg wrote in a recent post, “It is important to me that we help people find reliable news and find solutions that help journalists around the world.”
Facebook could potentially have a direct relationship with publishers to ensure that their content is available, if it is truly high quality content, he said.
Algorithms and human editors will decide what new content will be visible to users. At this time there will be a breaking news section with 10 of the “top” stories.
Facebook has announced other initiatives to help journalists, including a resolution to invest $ 300 million in local newsrooms and grants for people with ideas to improve the quality of news.
Zuckerberg insisted last week that his platform had now become a ‘fifth estate’ in the world, along with traditional news media, and that people no longer had to rely on traditional gatekeepers in politics or media to make their voices heard. is.
“People no longer have to rely on traditional gatekeepers in politics or media to make their voices heard, and this has important consequences,” he said.