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Facebook offering millions to license news content, report says
Abstract：After suffering criticism for its role in spreading fake news and misinformation, Facebook is looking to license real news.
Facebook is offering millions of dollars to news publishers to license their content and include it in a special section of the social network, according to a report in the Wall Street Journal on Thursday.
The report, which cites anonymous sources, said that Facebook executives have pitched the offer to publications including Bloomberg, The Washington Post, ABC News, and the Wall Street Journal's own parent company, Dow Jones. Facebook execs have said they would be willing to pay up to $3 million a year for the right to articles, the report said.
The articles would be included in a special section within Facebook devoted to news that the company hopes to launch later this year, according to the Journal.
Facebook executives did not immediately return Business Insider's request for comment.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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