Ever since the furor over Russian trolls and fake news triggered a congressional hearing, Facebook has talked about its plans to curb misinformation by using its News Feed algorithm to rank high-quality news sources based on trust, etc. But the company is also taking an even more significant step into the editorial side of the news business, it confirmed on Wednesday, and one that cements its status as a media entity rather than just a distribution platform: It is paying a select group of news organizations like CNN and Fox News to create news shows specifically for its Watch feature. As Variety described it:
The initial shows, fully funded by Facebook, come from seven partners: TV news orgs ABC News, CNN, Fox News Channel, and Univision; local news publisher Advance Local; and digital media companies ATTN: and Mic. They’re slated to roll out on Facebook Watch this summer. The mix includes live breaking news, daily news briefings, and weekly, longer-form series. The shows will be available in an exclusive window on Facebook Watch.
The fact that Facebook was working on rolling out a series of such media partnerships is not news. It was reported by the Wall Street Journal last month, and Campbell Brown also discussed the idea with CJR in a recent interview, since she is the architect of the program. In that same interview, Brown addressed one of the main criticisms of Facebook’s attempts to rank news on the basis of quality, which is that doing so inevitably means the giant social network has
Read more here: https://www.cjr.org/the_new_gatekeepers/facebook-watch-video.php