Meta has begun telling publishers in the U.S. that it won’t renew contracts to feature their content in its Facebook News tab, according to people familiar with the matter, phasing out deals that paid some outlets tens of millions of dollars
Meta Platforms Inc. has begun telling publishers in the U.S. that it won’t renew contracts to feature their content in its Facebook News tab, according to people familiar with the matter.
The decision affects deals worth over $100 million, according to a person familiar with the situation. Meta had signed up a host of publishers in recent years, including deals worth tens of millions of dollars with news organizations such as The Wall Street Journal, the New York Times and the Washington Post,
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