Tag Archives: Wall Street Journal.

Reported End to Facebook’s ‘Murky’ Deals With News Giants Sparks Call for ‘Truly Fair Marketplace’

“We can’t allow our free press to be captured by tech monopolies,” warned one advocate.

By Brett Wilkins  Published 6-10-2022 by Common Dreams

Image: Simon Steinberger/CC

Press freedom and antitrust advocates on Friday derided both Facebook and corporate media beneficiaries of the tech titan’s multimillion dollar spending spree following reporting that the company is rethinking its investments amid increasing regulatory pressures and a shift away from news partnerships.

The Wall Street Journal reports that Facebook in recent years has annually paid an average of more than $15 million to The Washington Post, as well as $20 million to The New York Times, and over $10 million to the Journal. The Journal deal is part of a larger $20 million agreement. Continue reading

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