News Corp CEO Attacks Social Media Companies for Not Sharing Ad Revenue with Publishers

Breitbart | 3/2/2018 | Staff
iVchan (Posted by) Level 3
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The CEO of News Corp, Robert Thomson, has attacked sites such as Facebook and Google for not paying publishers for their content.

Bloomberg reports that News Corp CEO Robert Thomson, a long time critic of social media and top adviser to billionaire Rupert Murdoch, has referred to companies such as Facebook and Google as “bot-infested badlands,” “dysfunctional and sometimes dystopian,” and platforms for “the fake, the faux and the fallacious.” Now the 56-year-old CEO is attacking these companies for failing to pay publishers for their content. Thomson is now pushing for a system that Rupert Murdoch previously suggested, where social media companies would pay publishers a licensing fee, similar to what cable tv providers pay media companies.

Media - Moguls - Wary - Sites - Facebook

Media moguls are becoming wary of sites such as Facebook and Google — BuzzFeed co-founder Jonah Peretti said during a Recode conference last month that Facebook should be sharing more revenue generated by its News Feed with publishers, as many publishers contribute massively to the content that appears on Facebook. New York Times CEO Mark Thompson recently stated his belief that a demand for quality news has created “the possibility of...
(Excerpt) Read more at: Breitbart
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