Facebook News tab (2019) | Image: Facebook
As you’ve probably heard, Facebook and Instagram will lean heavily into AI-curated creator content going forward, and the News Tab project Facebook launched a few years ago doesn’t seem to be a big part of that. As reported by Axios and confirming earlier rumors, Facebook’s parent company Meta is telling publishers it no longer plans to pay for the content it has been aggregating in the news tab.
According to the report, Meta spent about $105 million in three-year content deals for news (plus another $90 million for news videos), including $10 million for the Wall Street Journal, $20 million for the New York Times, and $3 million for CNN in arrangements that sometimes included unlocked access to paywalled content. The Wall Street...
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