OLD Media Moves

Facebook reaches deal with Wall Street Journal on content

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.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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