Facebook is partnering with ABC, CNN, Fox News and other media organizations to launch a series of news programs on its Watch video service. Many of Facebook's first shows will have the same talent and tone found on broadcast and cable television. ABC's "On Location" will feature ABC News journalists and will be prepared to go live during major breaking news events. Facebook is paying some media organizations seven figures to finance a year's worth of programming, a source with knowledge of the matter said. Those organizations are hoping that Facebook's vast reach -- it has roughly 185 million daily active users in the United States -- will be more successful than their own stand-alone efforts.

Source: CNN June 06, 2018 14:03 UTC