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Reading: Facebook Rethinks News Deals, Publishers Stand to Lose Millions
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The Wall Street Publication > Blog > Tech > Facebook Rethinks News Deals, Publishers Stand to Lose Millions
Tech

Facebook Rethinks News Deals, Publishers Stand to Lose Millions

Editorial Board Published June 9, 2022
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Facebook Rethinks News Deals, Publishers Stand to Lose Millions
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Meta Platforms Inc.’s Facebook is re-examining its commitment to paying for news, people familiar with the matter said, prompting some news organizations to prepare for a potential revenue shortfall of tens of millions of dollars.

The company has paid average annual fees of more than $15 million to the Washington Post, just over $20 million to the New York Times, and more than $10 million to The Wall Street Journal, according to people familiar with the matter. The Journal fee is part of a broader Facebook News deal largely negotiated by parent company Dow Jones & Co., including annual compensation worth more than $20 million, people familiar with the partnership said.

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