Facebook would pay news outlets up to $3 million annually
for the rights to use their material in a news section that Facebook aims to
start this year, The Wall Street Journal reported,
citing people familiar with the matter.
The social media giant is in talks with
publishers such as The Washington Post, New York Times, ABC News, Bloomberg and
Dow Jones, WSJ reported.
Publishers could choose between placing
content right on Facebook’s tab or using previews that link back to the
publisher’s site, the paper reported.
The story didn’t address what a revenue split
would be with Facebook, Nieman Lab points out.
Apple recently announced a 50 percent revenue split with publishers for its
Apple News+.
“Licensing and paying for news content is a
good idea, and continued access to quality journalism would be an absolute good
for Facebook users,” said a statement from News Media Alliance President and
CEO David Chavern in response to the report. “However, we still have many
questions about the idea, including which publishers would be included, what
kinds of terms they would be offered, and what it would mean for local journalism
in particular.” Chavern’s statement went on to advocate for passage of
the Journalism Competition and Preservation Act.
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