Facebook will pay $5 million to local reporters
Last Thursday, Facebook announced that it will be hiring local journalists or reporters. According to Facebook, Facebook Will Pay $5 Million To Local Reporters or journalists for the multi-year deal as a part of its newsletter platform. This announcement is beneficial for local reporters as it will attract local and online reporters. Moreover, they could publish their news and earn through social media platforms. The reporters can also make their own website for news. Facebook announced that it will partner with the Washington-based company of Journalists (International Center for Journalists and National Association of Hispanic Journalists) for accepting the applications of local reporters for its news program.
Additionally, the newsletters from the reporters will be integrated with the Facebook page(s) and group(s). Also, Facebook -publishing platform will give the reporters a free self-publishing tool for publishing their stories. The move has been made as to the answer to the email newsletter platform, Substack. As a reminder, Substack mainly focuses on the journalists who are working alone in a community for its voice.
The journalists will also earn more money by using Facebook’s tool. The journalists’ income will depend upon subscriptions to the newsletter(s). Moreover, each reporter could decide its own subscription price, according to Facebook.
At first, the news platform and its tools will be available for the reporters or writer of the US. Gradually, the platform will be available for the rest of the world’s reporters. From now, the reporters of the US can apply for the program of news reporting. As the company announced, the priority will be given to those who can write for black, indigenous, Latinx, Asian or other audiences of colour.
As we all know, the growth of paid newsletter has increased rapidly in the news media. Many journalists and high-profile journalists including journalists from the outlets of New York Times and Vox Media have left their outlets and started their new journey on paid newsletter platforms such as Substack and Patreon.