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Facebook is on a credibility drive and has taken serious measures to curb fake news. The upcoming news tab of the social media network will see reliable headlines from Wall Street Journal and some other News Corp media outlets. The launch is expected in 2019 itself and according to reports news publications along with Wall Street Journal ,Washington Post, BuzzFeed News, and Business Insider have also reached a similar deal with Facebook.
The deal, for which News Corp will be paid a licensing fee ranging 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 sources.
Last year, News Corp founder Rupert Murdoch had called on Facebook to pay “trusted” news publishers a carriage fee, similar to the model used by cable companies.
As per the reports which appeared in Wall Sreet Journal certain headlines appearing in Facebook’s news section will be curated by a team of editors, while others will be selected by the company’s algorithm, The “Top News” section will feature about 10 headlines selected by human editors. Subsections such as sports or entertainment and a “suggested for you” section will be selected by algorithm. The feed will not have an option for advertising.
Following criticism that Facebook has a lax approach to fake news reports and state-backed disinformation campaigns, Chief Executive Officer Mark Zuckerberg has earlier said the social network would prioritize “trustworthy” news in its feed by identifying high-quality outlets.
The News Corp arrangement would allow headlines from properties in its Dow Jones unit, including the Journal, Barron’s, MarketWatch, Financial News and Mansion Global, as well as the New York Post, to appear in the Facebook news section, linking to the publications’ sites. For nonsubscribers, links to Journal stories that are behind the site’s pay wall would trigger a prompt for the reader to sign up.
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