Facebook and Paying for News

From a story on cjr.org by Mathew Ingram headlined “Facebook and paying for news”:

ON JUNE 9, Keach Hagey and Alexandra Bruell reported for the Wall Street Journal that Facebook, a subsidiary of Meta Platforms, was “re-examining its commitment to paying for news,” according to several unnamed sources who were described as familiar with Facebook’s plans. The potential loss of those payments, the Journal reporters wrote, was “prompting some news organizations to prepare for a potential revenue shortfall of tens of millions of dollars.” The Journal story was similar to a report published in May by The Information, a subscription-only site that covers technology; in that piece, reporters Sylvia Varnham O’Regan and Jessica Toonkel said Meta was“considering reducing the money it gives news organizations as it reevaluates the partnerships it struck over the past few years,” and that this was part of a rethinking of “the value of including news in its flagship Facebook app.”