Facebook’s upcoming News Tab will feature news from the Wall Street Journal (WSJ) and other news outlets once it officially launches next month, says a report from WSJ.
The Journal has revealed that Facebook has struck a deal with News Corp. to supply it with headlines for its news section. The deal will include The Wall Street Journal, the New York Post, the Washington Post, BuzzFeed News, and Business Insider as all of these outlets are run by News Corp.
These news organizations will be paid a licensing fee for supplying news to the social network. Sources suggest that this fee could be around hundreds of thousands or a million dollars depending on how large the outlet is.
Facebook’s new news section will feature human-curated Top News Headlines, while others will be selected from “trusted publications” by the company’s algorithm. This will include all the news outlets mentioned before. Although Facebook hasn’t revealed a release date, it is expected to launch in the next couple of weeks.
Commenting on the subject, Facebook founder Mark Zuckerberg said,
People want to see high quality news on Facebook. I’m excited we’ll have the opportunity to include award-winning journalism from The Wall Street Journal [and other U.S. News Corp properties in our news tab.
Facebook’s revamped News Tab will help it gain an edge against competitors like Apple’s news package and Google’s refreshed news page.