A WSJ report said that the Mark Zuckerberg-led company is providing publishers “millions of dollars” for publishing rights.
The company has been experimenting with completely different forms incorporating news sections into users’ feed.
Facebook has been fighting off criticism that sponsored content is crowding out relevant material.
Facebook is reportedly in talks with news media houses to determine partnerships for the rights to publish their content on its site.
According to a Wall Street Journal report the Mark Zuckerberg-led company is providing publishers “millions of dollars” for such agreements.
The Journal reported on Thursday (August 8) that Facebook representatives had told news executives that they’d pay as much as $3 Mn a year to license stories, headlines and alternative material.
Facebook has reportedly declined to comment however confirmed that the corporate is functioning on launching a “news tab” for its service this fall. Facebook chief executive officer Mark Zuckerberg began talking about a news section on the service in April. The corporate has faced criticism that it’s been spreading false and dishonest news on its platform.
The social media platform has been overrun with criticism of ads reordering relevant content on users’ feeds. Facebook’s plans to stay a separate news section would provide publishers management over however articles seem on Facebook and whether or not readers would receive solely snippets, sort of a headline and a few text, before being sent to the publisher’s web site.
Facebook’s dynamical Strategy For News.
Facebook has been making an attempt out new ways in which to promote its news feed. The corporate has experimented with promoting additional local content last year. Before this the corporate had discontinued a beta launch of an “Explore” section.
In this, Facebook was placing posts from official pages in a separate feed, whereas limiting the main News Feed to posts from friends and family. However the experiment, which was being tested in 6 countries, failed to attain the required result, the corporate said at the time.
“People don’t want 2 separate feeds,” said Facebook’s Adam Mosseri, who runs the News Feed, in a blog post. “In surveys, individuals told us they were less happy with the posts they were seeing, and having 2 separate feeds didn’t actually facilitate them connect more with friends and family.”