The only Facebook that prefers paid local journalists under $ 5 million newspaper recruitment pressure

In this example, a 3D printed Facebook logo is displayed on the keyboard on March 25, 2020. REUTERS / Dado Ruvic / Illustration

August 19 (Reuters) – Facebook Inc. (FBC) has selected 25 local independent journalists out of a $ 25 million pot to write a 25-year deal for the news agency, the company told Reuters on Thursday.

Facebook launched Bulletin in June as an independent newsletter subscription service with free and paid articles and podcasts. Social media is a huge attempt to compete with the emerging e-mail trend of companies like Substack. Read more

Facebook has previously announced 40 writers on the Bulletin and said it would “fall” more than 100 on stage. A spokesman declined to comment on how many subscribers Bulletin currently has.

The company, which announced in April that the Bulletin would give priority to local news outlets and journalists covering color communities, said the selected authors would cover refugee communities in Atlanta, North Carolina and coastal issues and climate issues. Latin Business Leaders in Florida.

A Facebook spokesman said the Bulletin’s new local writers, who cover more than a dozen U.S. states, would be among the first to generate revenue for the Bulletin through payroll walls. She says the writers expect all of their clients’ income from these partnerships.

Last year, top media reporters and writers left major media companies to publish their work on sites such as Substack and Medium, which have thousands of content creators and subscribers. Twitter Inc. (TWTR.N), which is launching new features for creators to build audiences and make money on its social media site, received a review of the news magazine in January.

Local Journalists Facebook was selected in the application process in collaboration with the International Center for Journalists and the National Association of Hispanic Journalists. The authors say they will provide in-depth training for journalists who are looking to build a sustainable, independent business.

The world’s largest social network has long had a close relationship with the news industry. Although critics of major technology companies have disrupted the digital advertising market, these contributions do little to compensate for publishers’ losses, the company says, adding that critics have invested hundreds of millions of dollars in the sector. Read more

Following a dispute with the Australian government over the distribution of news content in February, Facebook has promised to invest $ 1 billion in the news industry worldwide over the next three years. Read more

Corrected by Matthew Louise in a report by Elizabeth Coolford in London

Our Standards – Thomson Reuters Trust Principles.


Leave a Comment