News Corp and Facebook reach news payment deal, Nine signs letter of intent
News Corp has become the biggest outlet to secure a deal with Facebook, under which the news business will be paid to provide content to the platform’s Facebook News product in Australia.
Mumbrella understands Nine Entertainment Co has also signed a letter of intent with the social media business, but it would not comment, only confirming that it continues to have “constructive and fruitful discussions with Facebook”.
“When we have anything to announce we will do so to the ASX, as is appropriate,” a spokesperson continued, mirroring Nine’s approach to its Google letter of intent, which the business has still not formally announced.
