Rupert Murdoch, the media billionaire who controls the Wall Street Journal, called on Facebook Inc. to begin paying publishers fees to carry the news that its users post and share online in a sign of the print industry’s growing frustration with social media.
“If Facebook wants to recognize ‘trusted’ publishers then it should pay those publishers a carriage fee similar to the model adopted by cable companies,” Murdoch, the executive chairman of News Corp. said Monday in a statement. “The publishers are obviously enhancing the value and integrity of Facebook through their news and content but are not being adequately rewarded for those services.”
Facebook, the largest social network, sent tremors through the news industry this month when it announced plans to redirect the site’s 2 billion-plus users more toward posts from friends and family and away from media content. The company also plans to let users gauge how trustworthy news sources are to avoid perceptions of bias and address claims it has helped spread fake news. Murdoch also called on Google to change.
Source:: Financial Post – Tech