Facebook Offers News Outlets Millions of Dollars a Year to License Content

Apparently, Facebook is offering news outlets millions of dollars for the rights to put their content in a news section that the company hopes to launch later in 2019. Representatives from Facebook have told news executives they would be willing to pay as much as $3 million a year to license headlines and previews of articles from news outlets.  The outlets pitched by Facebook on its news tab include Walt Disney Co.’s ABC News, Wall Street Journal parent Dow Jones, The Washington Post and Bloomberg. The news-licensing deals between Facebook and news outlets would run for three years. It isn’t known whether any news outlets have formally agreed yet to license their content to Facebook.