Facebook Procures Content from News Organizations for Watch

Facebook FB, reportedly, will pay and share advertising revenues for content produced by news organizations like Time Warner’s TWXCNN, Fox News and Univision. Per Reuters, the social media giant plans to launch U.S. news programs for its video service, Watch, in 2018.

The original content from these news providers is expected to solve the fake news menace on Facebook’s platform.

The company recently announced that it is removing the Trending news section (launched in 2014) of the social network, which users found less useful over time.

Per Forbes, Facebook is testing “Breaking News Label” with 80 publishers across North America, South America, Europe, India and Australia. A “Today In” section that connects people with important news from local publishers is also in the offing. The “News Video in Watch” section will stream live coverage, daily news briefings and weekly deep dives.

Apart from CNN, Fox and Univision, Facebook’s Watch videos will also be supported by contents from the likes of Walt Disney’s DISABC News, Advance Publications' Alabama Media Group, and websites ATTN: and Mic.