mo4ch:>An offer they can't refuse? Facebook offers mainstream news millions in licensing fees | Mo4ch News

Facebook is dangling a multimillion-dollar carrot before cash-strapped news outlets, offering a hefty licensing fee in return for the right to use headlines and even entire stories in a new “news section,” insiders say.The social media giant has offered mainstream outlets as much as $3 million per year for the privilege of using their headlines, article excerpts and stories, according to people familiar with the deal who spoke to the Wall Street Journal on Thursday. The Journal’s parent company Dow Jones was reportedly one of the companies approached, along with the Washington Post, Bloomberg, and ABC News.Facebook plans to launch its “news section” in the fall, the insiders claim, though it is not known which – if any – of the outlets accepted the licensing offer. Many of them could certainly use the money. More than 3,200 jobs have been lost across online news media in 2019 alone, and many outlets are struggling to stay afloat with platforms like Facebook taking an increasing share …