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Facebook Says It Will Invest $300M In Local News

PYMNTS

15), was clear: People wanted more local news, and local newsrooms wanted more support from the company. Facebook thinks that its approach will also foster civic engagement, which is directly related to people consuming local news, the company said. The answer, according to an announcement on Tuesday (Jan.

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FTC, 48 States Launch Massive Antitrust Suit On Facebook

PYMNTS

Facebook would try to squeeze every bit of oxygen out of the room for smaller companies that refused to be bought,” New York State attorney general Letitia James told a Wednesday afternoon press conference. Some of these companies experienced almost overnight, drop off in user engagement and downvotes, and their growth stalled.

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Facebook’s News Accelerator Nets Extra $5M For Local Newspapers

PYMNTS

Facebook said in January that it was investing $300 million in local news, and would support newsrooms’ information gathering efforts and help local news organizations build sustainable business models. The company has said that part of its mission is to fight fake news, misinformation and low-quality news on its platform.

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The New York Times Inks $30M Consumer Guide Deal

PYMNTS

It’s an impressively run business with a very attractive revenue model, and its success is built on the foundation of great, rigorously reported service journalism,” Mark Thompson, president and CEO of The New York Times Company, stated. The Wirecutter’s sister site, The Sweethome, was also included in the acquisition deal.

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Verizon, Samsung Partner To Bring Oath Content To Samsung Devices

PYMNTS

Through the new deal, Oath’s Newsroom app, Yahoo Sports, Yahoo Finance and Go90 mobile video apps will be pre-populated on all of Samsung’s Galaxy S9 and S9+ devices. The company plans to announce its deal with Samsung during its presentation to media buyers in New York this week. Verizon Communications’ Oath Inc.

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The Subscription Two-Step: Adweek Flexes To Keep Subscribers For The Long Haul

PYMNTS

PYMNTS’ Consumer Subscription Retail Services Report , done in collaboration with subscription services provider Recurly , found that subscriptions to such digital media companies increased by a staggering 10 million from February through July, totaling 25 million. Around The Subscription Commerce Space. About The Tracker.

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3 PR Trends to Watch in 2018

PYMNTS

A recent study showed that B2B companies are interested in allocating more of their marketing budgets to earned media, but getting this coverage is somewhat of a mystery for those not skilled in PR and media relations. The decimation of newsroom staff will continue and there’ll be even fewer reporters, editors and TV producers to pitch.

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