Facebook shutting down News tab, ending publisher payments

Facebook will shut down its Facebook News tab in the US and Australia, ending licensing deals with major news publishers. Meta's strategic shift away from news distribution focuses on video content like Reels. Australian publishers will lose a significant revenue stream as the $70 million annually deals expire.

Facebook shutting down News tab, ending publisher payments
Facebook will shut down its Facebook News tab in the US and Australia, ending licensing deals with major news publishers. Meta's strategic shift away from news distribution focuses on video content like Reels. Australian publishers will lose a significant revenue stream as the $70 million annually deals expire.