Facebook has reportedly entered into deals with prominent media houses to launch a dedicated news tab on its platform. According to the Wall Street Journal, publications like News Corp, Dow Jones, New York Post, the Washington Post and others will help the social networking platform ramp up its ambition to become a news player.
Facebook CEO Mark Zuckerberg spoke about a news section on its platform in April. The section would reportedly be free for users, though Facebook might pay publishers whose work is featured. Facebook is in talks with news publishers to offer as much as $3 million for the rights to publish content on its upcoming news tab.
‘It’s important to me that we help people get trustworthy news and find solutions that help journalists around the world do their important work,’ Zuckerberg wrote in her recent post. Facebook could ‘potentially have a direct relationship with publishers to make sure that their content is available if it is a high-quality content’, also added.
Facebook has announced other initiatives to support journalists, including a pledge to invest $300 million in local newsrooms and grants for people with ideas to improve the quality of news.