Meta to Cut Funding for News Publishers
Meta on Tuesday told US news partners on Facebook News that itno longer plans to fund publishersfor providing content, the company confirmed to CNET on Thursday. The move,previously reported by Axios, comes in the midst of a slew of changes to Facebook and Instagram as parent company Meta overhauls its social media platforms toprioritize video and creator contentand contends withrevenue dropsand potential layoffs. News publishers can still have their content published to thenews tab, but will no longer receive funding from Meta for providing content as a series of three-year deals with companies like CNN, The Wall Street Journal, and The New York Times expire....