- Mark Zuckerberg announces grants for journalists and local newsroom
- News Corp, Dow Jones, New York Post, Washington Post part of deal
Facebook is all set to become a news player, according to the Wall Street Journal report. Calling itself a ‘Fifth Estate’, Facebook is into a deal with prominent media houses to add a news tab on its platform. Report says that Washington Post, New York Post, Dow Jones, News Corp and others will help Facebook 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 as much as $3 million for featuring their content.
“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 said in a recent post.
Facebook may “potentially have a direct relationship with publishers to make sure that their content is available…” he added.
Algorithms and human editors will decide what new content will appear for the users. There will be a breaking news section with 10 of the “top” stories of the moment.
Facebook has announced other initiatives to support journalists and improve the quality of news. It includes $300 million investment in local newsrooms and grants for people with ideas.
Zuckerberg last week stressed that his platform has now become a ‘Fifth Estate’ in the world alongside traditional news media. “People no longer have to rely on traditional gatekeepers in politics or media to make their voices heard,” he said.