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Facebook to End Payments to U.S. News Publishers – The Wall Street Journal

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https://www.wsj.com/articles/facebook-to-end-payments-to-u-s-news-publishers-11659019262
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Meta Platforms Inc. has begun telling publishers in the U.S. that it won’t renew contracts to feature their content in its Facebook News tab, according to people familiar with the matter.
The decision affects deals worth over $100 million, according to a person familiar with the situation. Meta had signed up a host of publishers in recent years, including

deals worth tens of millions of dollars with news organizations such as The Wall Street Journal, the New York Times and the Washington Post.
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Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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