
When it comes to the mainstream media, what Facebook wants is usually what Facebook gets, if only because it commands the attention of more than 1.5 billion people. And what the giant social network has wanted for some time now is video — lots of it, preferably the live kind, in order to help promote its Facebook Live video feature.
At one point last year, the Wall Street Journal reported that Facebook was paying a number of mainstream media outlets (including the New York Times and BuzzFeed) a total of about $50 million to get them to create and upload video. Video also seemed to be promoted more in users’ feeds as well, and so many publishers started beefing up their video teams and spending more on creating video.
Now, it seems as though that gravy train may be ending, at least for media companies who were hoping to cash in with viral short clips. Facebook is said to be ending its payment program, according to a recent report at Recode, and is now moving its focus more towards promoting Facebook Live use by individuals.
Note: This was originally published at Fortune, where I worked from 2015 to 2017
Continue reading “Here’s another reason for media companies to be wary of Facebook”








