Meta’s news licensing deals in the US with outlets like CNN and the New York Times are already over, and it will do the same thing in Australia soon.
Facebook’s News tab launched in 2019 with millions of dollars in content deals for publishers (a reported $10 million for the Wall Street Journal, $20 million for the New York Times, and $3 million for CNN), but in April it’s going away for good. Meta says it will “deprecate” Facebook News in the US and Australia in April 2024, it won’t enter new commercial deals for news, and it “will not offer new Facebook products specifically for news publishers in the future.”
Go to Home
Read more at: https://www.theverge.com