Trending

Stories

Facebook Might License Publishers’ Content in the News Tab

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Moupiya Dutta
Moupiya Dutta
She finds it interesting to learn and analyze society. she keeps herself updated, emphasizing technology, social media, and science. She loves to pen down her thoughts, interested in music, art, and exploration around the globe.

Facebook is in discussion with prominent publishers like ABC News, Dow Jones, The Washington Post, and Bloomberg to license its content for a news-oriented section of the Facebook site. It is a strategic change for the social media giant where media houses would receive a nice licensing fee of $3 million.

The Wall Street Journal reported that Facebook had approached several news outlets, including ABC News, Dow Jones the Washington Post, and Bloomberg. According to the reports, the deal with the media houses would last for three years.

Also Read

In recent times the social media giant; Facebook has faced a barrage of criticism for soaking up massive ad revenues while diverting traffic to marginal news organizations churning out clickbait. Cutting deals with some of the news industry’s top brands would allow Facebook to showcase high-quality journalism while directly supporting the organizations that produce it.

However, $3 million in annual licensing fees doesn’t sound like a hugely significant sum taking the big companies that are involved. Example, The Washington Post that earned more than $100 million in digital ad revenue alone in 2017. Last year, Facebook had put down its relationship with publishers like Campbell Brown, telling them to get off the platform if they didn’t like it.  

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Now, the company appears to be willing to try its hand yet again at the news, although this time on seemingly friendlier terms. The News initiative could launch as early as this year, though it’s not clear if any news outlets have agreed to Facebook’s terms.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS
Nothing Phone Enters US with Beta Membership Program Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India