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FB Ready To Fork $3mn Annually To License News Content

Facebook has offered several millions of dollars to news outlets for rights to showcase their content in the news section that it is planning to begin soon. This step of Facebook was announced by Wall Street Journal which declared that it had been offered around $3 million per annum for publishing licensed headlines, stories and previews of articles. Facebook spokesperson too confirmed to CNN that they are planning to start a new section in Facebook this season but did not affirm about making offers to media companies for news. As per the report by Wall Street Journal Facebook has made offers to ABC News, Washington Post, Dow Jones and Bloomberg.  In recent years Facebook has taken over a large share of advertising funds that were earlier earned by newspaper agencies and news outlets.

Both Facebook and Google which have become dominant in digital advertising industry are putting strain on small firms in partnership with Amazon which is also ramping up its advertising business. The report of Wall Street Journal stated that according to proposal the license would be given for three years. Sections of the yield graph have been inverted for several months now and the rate on 3 month Treasury bill rose for the first time above 10 year note during March this year.

This situation signals low economic growth followed by chances of inflation and bad credit in near future. But despite these signals many investors decided to wait for yield from 10 year and 2 year notes as meaningful indicator of the financial situation. Investors now feel that while economic downturn was not a reality in 2018 there is likelihood of slump in US growth. This is due to policy errors like intensifying US-China trade war and Federal Bank boosting demand for long term government bonds by telling investors that downturn is likely.

Daniel Serrano
EDITORIAL MANAGER At Daily Industry Updates

Daniel Serrano had acquired considerable experience in writing and editing publications before recruited by Daily Industry Updates news portal as Editorial Manager. His key task is to conduct effective business reviews based on the most recent business strategies. Due to his stronghold and understanding over finance, marketing, business, and trade-related topics, he is known as a business counselor among the staff. His expertise in business-related topics is quite impressive. His business-related concepts are on fingertips, which aids in illustrating the business-related articles in brief and defined way, clear to even an amateur. He pursued his post graduation in Finance from a UK-based university.

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