Facebook wants to be relevant in news again, and it’s willing to pay millions to bring back publishers
Photo by Amelia Holowaty Krales / The Verge
Facebook is approaching big-name news publishers hoping to secure licensing deals to republish stories and other news content, reports The Wall Street Journal. The deals could be worth millions of dollars per publisher, with Facebook reportedly offering up to $3 million a year for licensing rights for some outlets. Among those in early discussions are Disney-owned ABC News, Bloomberg, Dow Jones (also the parent company of the WSJ), and The Washington Post.
According to the report, Facebook plans to include these articles as part of dedicated news section its launching sometime this fall. Publishers would sign deals lasting as long as three years in some cases, and they would get control over how articles appear on Facebook and whether…