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In this March 29, 2018 file photo, the logo for Facebook appears on screens at the Nasdaq MarketSite, in New York s Times Square. THE CANADIAN PRESS/AP/Richard Drew May 25, 2021 - 4:45 PM
Facebook Inc. unveiled a plan Tuesday to pay some Canadian publishers for news stories on its platform, but experts say the move diverts attention from forthcoming regulation efforts.
California-based tech giant Facebook said it will pay 14 publishers, including the National Observer, FP Newspapers, Le Devoir, the Tyee and the publisher of Le Soleil undisclosed amounts to link to their articles on its COVID-19 and climate science pages or in other unspecified use cases.
Facebook to pay 14 Cdn publishers for some news content posted to its platform
Business Related
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MENLO PARK, Calif. – Facebook Inc. says it will pay some Canadian publishers for the ability to link to news stories not already posted on its platform.
The California-based tech giant says it has signed commercial deals with 14 publishers in the country including the National Observer, FP Newspapers, Le Devoir, the Tyee and the publisher of Le Soleil.
Deals were also reached with the Coast, the Narwhal, Village Media, the SaltWire Network, the Sprawl, Discourse Media, Narcity, BlogTO and Daily Hive. Financial details were not disclosed.