In strategy shift, Facebook seeks to pay millions to license news
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Facebook
The Wall Street Journal
Instant Articles
ABC News
Dow Jones
WSJ
The Washington Post
Apple
the Los Angeles Times
Ars Orbital Transmission
CNMN Collection
WIRED Media Group
Condé Nast
People
Timothy B. Lee
Bloomberg
Ars Technica Addendum
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Nast
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Summary
Facebook has approached several prominent news organizations to license its content for a new news-oriented section of the Facebook site, The Wall Street Journal reported on Thursday. It's a significant change in strategy for the social media giant, which previously explored an ad-sharing model under Facebook's Instant Articles program.The Journal reports that Facebook has approached a number of news outlets, including ABC News, Dow Jones (parent of the WSJ), The Washington Post, and Bloomberg.Deals would last for three years, according to sources who talked to the Journal.
As said here by Timothy B. Lee