Facebook Rethinks News Deals, and Publishers Stand to Lose Millions in Payments

Meta Platforms Inc.’s Facebook is re-examining its commitment to paying for news, individuals conversant in the matter stated, prompting some information organizations to put together for a possible income shortfall of tens of hundreds of thousands of {dollars}.

The firm has paid common annual charges of greater than $15 million to the Washington Post, simply over $20 million to the New York Times and greater than $10 million to The Wall Street Journal, in accordance to individuals conversant in the matter. The Journal price is a part of a broader Facebook News deal largely negotiated by guardian firm Dow Jones & Co., together with annual compensation price greater than $20 million, individuals conversant in the partnership stated.