Facebook "offers media outlets $3 mln to license content"August 9, 2019 - 13:19 AMT PanARMENIAN.Net - Facebook has reportedly offered several news outlets millions of dollars in exchange for the rights to display their content in a news section it plans on adding. The move was first reported by the Wall Street Journal, which said Facebook (FB) representatives told media outlets that it would pay up to $3 million annually for the right to license stories, headlines and article previews. A Facebook spokesperson confirmed to CNN Business that the company plans to launch the new tab in Facebook this fall, but wouldn't comment on the Journal's reporting about offers to media outlets. Outlets approached by Facebook (FB) included Disney (DIS)-owned ABC News, The Washington Post, Bloomberg and Dow Jones, according to the Journal. ABC News did not immediately respond to a request for comment. Dow Jones, Bloomberg and The Washington Post declined to comment. Facebook has gobbled up a large share of the advertising dollars that previously went to newspapers and online news outlets. Facebook and Google have been the two dominant forces in digital advertising for years, and now Amazon is quickly ramping up its own advertising business, putting further strain on smaller competitors. The Journal's report said the licensing deals would be for three years. It's unclear if any media outlets have signed on. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. |