Facebook News, The Google News Competitor That Pays to Publishers, Is Set To Debut!

Must Read

Superstitions across different countries – An Overview

Some believe that a superstition is anything that people believe that is based on myth, magic, or irrational thoughts. They are beliefs that are steeped in lore or tradition, and it is usually difficult to pinpoint the exact origin. Here is a brief compilation of Superstitions which are prevalent across different countries.

1.5 Million Engineers Pass Out In India Every Year, Fewer Getting Hired [Trends]

Engineering colleges have been springing up like wild mushrooms in India in the last few years. Their number has...

World’s Most Popular Ad Slogans: A Brief List To Inspire With !

Advertisement plays an important role for companies as well as consumers world wide. It gives a seller an opportunity...

The Wall Street Journal reports that Facebook Inc. (NASDAQ:FB) plans on paying the only ¼ of the publishers contributing to its soon to be released news feature “News Tab”.

In August this year, Facebook announced its intentions to feature a separate tab for news articles and headlines on the Facebook app as well as its desktop version. The feature was lined up to go live sometime in fall. Sources reported that the company was willing to make deals worth as much as $3 million per annum to obtain licensing to feature articles from leading publishers including big names such as The Washington Post, The New York Times, and Bloomberg.

The decision to pay publishers was a sharp contrast to its competitor Google News which has been criticized for not paying the publishers that register to have their content displayed on the service.

Advertisements

However, on Monday, along with confirmation of Facebook News Tab’s launch this October, it was found out that only a part of the contributing publishers will get paid by Facebook.

According to the Wall Street Journal, an estimated 200 publishers will be featured on the Facebook news section, but only a small chunk of them will be paid for lending their content. National news publications will get paid up to $3 million whereas, regional publishers will receive a licensing fee of several hundred thousand dollars.

According to Facebook, the decision to pay only a fraction of its publishers is to ensure “a steady volume of fact-based and original content.”

Facebook News: A change in currents

The social media behemoth has expressed its dedication to bringing reliable and trustworthy news to its users. This initiative can potentially clear its reputation for being an agent of fake news circulation. To make certain of this, Facebook has collaborated with various well-seasoned journalists that will work with the company to control the quality of the news featured on the News Tab. Thus, the News Tab will be tailored to each user’s preferences but the pieces will be authentic and bonafide.

People with insider knowledge about the full range of plans regarding News Tab have also disclosed that having one’s article appeared in the news section would increase web traffic to the publisher’s website. This is because the full article won’t be displayed on the app; instead, a headline that will redirect the reader to the publisher’s website will appear.

Advertisements

This choice reflects a departure from the framework Facebook’s failed Instant Articles followed, which allowed users to read news articles in the app itself, without having to wait for it to load on a redirected address. This variation on access to pieces will potentially benefit Facebook in the long run as it stands as a viable competitor against Apple News that pulls in a publisher’s articles onto the app itself and takes half of the revenue generated from the content they’re borrowing.

As of now, nothing can be said of how News Tab fares in the coming weeks. Whether it’ll be able to hold its ground and make a name for itself depends on how the feature is ultimately executed, but the prospects seem promising.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

India the 3rd Worst Economically Affected Nation by Internet Shutdowns in 2019: Report

2019 saw an increasing awareness about internet shutdowns in the Indian population due to unprecedented first-hand experience...

Amazon and Flipkart Under The Lens Of Indian Authorities For Competition Squashing Activities!

The ongoing tug of war between Offline and Online retailers in India seems to be far from over. On Monday, the Competition...

Constant Internet Suspensions In India Affecting Online Transactions and Economy Adversely

In the wake of the highly controversial and prejudiced Citizenship Amendment Act and other related legal developments such as the NRC, IT...

The Current Generation Require Technology In Class To Make The Most Of Future Opportunities

Technology is the current drive for everything. It has influenced all aspects of life, including cultures. It affects the way we live,...

Reliance Jio Offers Free Calls Over WiFi: Activate It Now

Following Airtel’s launch of VoWiFi calling in December 2019, Jio has now started rolling out VoWiFi calling, as well.

UPI Scam: A Man Loses Rs. 1.01 Lakhs While Using Paytm and Google Pay

Facebook finds it itself in the middle of its first scam of the new decade and the catalyst seems to be its...

In-Depth: Dprime

YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

Facebook Has Pulled Off A Masterstroke By Integrating Its ‘Family Of Apps’?

It’s indeed hard to believe that ONE man sitting at Menlo Park, oversees how nearly a third of the world’s population interacts with each...

Facebook’s Crunch Conquest: By Relying Largely On The US Market, Is Facebook Running a Risk?

Two billion! That's Facebook, Inc. (NASDAQ: FB) for you - Right when you thought that this social-media giant has already connected the entire world, it's...

More Articles Like This