Advertisement
Canada markets closed
  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CAD/USD

    0.7275
    +0.0012 (+0.16%)
     
  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     
  • Bitcoin CAD

    87,674.47
    +3,570.20 (+4.24%)
     
  • CMC Crypto 200

    1,372.43
    +59.81 (+4.56%)
     
  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     
  • RUSSELL 2000

    1,947.66
    +4.70 (+0.24%)
     
  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     
  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     
  • VOLATILITY

    18.71
    +0.71 (+3.94%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • CAD/EUR

    0.6824
    +0.0003 (+0.04%)
     

News Corp to supply headlines for Facebook's upcoming news tab

FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc's F8 developers conference in San Jose

(Reuters) - Facebook Inc's <FB.O> upcoming news tab will feature headlines from the Wall Street Journal and some other News Corp <NWSA.O> media properties when it launches in fall of 2019, the social network said on Friday.

The WSJ, which first reported about the deal, said news publications Washington Post, BuzzFeed News, and Business Insider have also reached a similar deal with Facebook.

The news organizations will be paid a licensing fee to supply headlines, the WSJ reported. (https://on.wsj.com/35MLxyB)

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.

ADVERTISEMENT

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, according to the WSJ report.

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 prioritise "trustworthy" news in its feed by identifying high-quality outlets.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)