Facebook to fund news shows from ABC, CNN, others
New York – Facebook says it will fund original news shows created by such news organizations as ABC, CNN and Mic.
The move comes as Facebook plans to kill off its “trending” news section to make way for what it considers “trustworthy” and “informative” news. Despite efforts to clamp down, the company continues to grapple with fake news and misinformation, not to mention plain old “click bait” on its users’ news feeds.
Campbell Brown, Facebook’s head of news partnerships, says the shows will be original and exclusive to Facebook, rather than adapting TV programs from elsewhere for a Facebook audience. The shows will appear in Facebook’s Watch video section.
Brown declined to say how much Facebook is paying for the shows. They will be available in the U.S. this summer.