OLD Media Moves

Facebook reaches deal with Wall Street Journal on content

October 18, 2019

Posted by Chris Roush

News Corp. has reached a deal to let Facebook Inc. feature headlines from The Wall Street Journal and other Dow Jones media properties, reports Lukas I. Alpert of The Journal.

Alpert writes, “The deal, for which News Corp will be paid a licensing fee, presented some obstacles due to the Journal’s firm digital subscription business model, people familiar with the matter said. Now that the issue has been settled, the way is cleared for the product to launch by as early as the end of the month. The financial terms of the arrangement weren’t disclosed.

“The licensing fees Facebook is offering range from the hundreds of thousands of dollars per year for smaller publishers to a few million for bigger ones, and substantially higher than that for the very largest outlets, according to people familiar with the matter.

“‘People want to see high quality news on Facebook,’ said Mark Zuckerberg, the company’s founder and chief executive. ‘I’m excited we’ll have the opportunity to include award-winning journalism from The Wall Street Journal [and other U.S. News Corp properties] in our news tab.'”

Read more here.

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