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Axios' Sara Fischer interviewing Facebook's Campbell Brown (right) on Monday night in Washington, D.C. Photo: Chuck Kennedy / Axios

Speaking at Axios' Media Trends event Monday night, Facebook's head of global news partnerships Campbell Brown formally announced a policy to try to appease publishers' concerns over a controversial archive of political ads on its platform, which would also include ads promoting publishers' political content.

Why it matters: It’s Facebook’s latest effort to make nice with publishers, which continue to show frustration with changes and experiments to news functions on its platform.

Facebook's solution: "There will be two separate archives," Brown told me. "One will say 'political ads,' one will say 'news platforms.'"

The backdrop:

The details: Brown said Facebook would not grant publishers' request for an exemption, but that Facebook is building out a separate archive to address concerns that there wasn't a clearer distinction between publishers' content and political ads.

  • The archive will not be ready for a few weeks, so publishers will have to be a part of the current archive structure until a separate archive launches.
  • "This is something that news publishers have pushed us to do so I was very surprised to hear news publishers don't want that kind of transparency," Brown said.
"Publishers who are worried about being clumped in at this point in time can pause their advertising."
Facebook's Campbell Brown

When it comes to hiring journalists, Brown also told me that the people filling much talked-about jobs for "news credibility specialists" will "help us begin to build out a process for verifying different news organizations," signaling that Facebook is willing to give curated news a shot, despite past forays into human-curated news have led to one problem after another.

  • When I pressed her about whether or not this makes Facebook a media company, she said "totally not a media company" and reminded the audience that she was hired as a former journalist. "Facebook is not a news organization. We're not becoming a news organization."
  • "Having more people on my team, on our standards team, who understand journalism and the principles behind it is a good thing — and its not to do journalism but to bring the ideas and the understanding of what it's like to work in a newsroom and what newsrooms need into the Facebook environment."

What's next: Facebook is also planning to launch 20 news shows for its video platform Watch by the end of this summer, Brown told me, including a new weekly business show from Quartz, that will launch by the end of the summer.

  • A good point raised by Mike Shields @digitalshields: "Everybody in media is way mad at Facebook. But that's not stopping a bunch of news orgs from taking FB's money to launch Watch shows."

The bottom line: Via Axios' David McCabe: "Facebook's relationship with the news industry remains rocky, even as the company takes steps to mend fences."

Go deeper

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Olympics dashboard

Team USA's Simone Biles watching the women's uneven bars final at the Olympic Games in Tokyo, Japan, on Sunday. Photo: Jamie Squire/Getty Images

🚨: Simone Biles will compete in her final Olympic event

⚽: U.S. women's soccer team falls to Canada in semifinals, ending chances at gold

🏋️‍♀️: Laurel Hubbard becomes first openly trans woman to compete at Olympics

🤸: U.S. gymnast Jade Carey wins Olympic gold in floor exercise final

🪧: IOC "looking into" American Raven Saunders' Olympic podium protest gesture

📷In photos: Day 10 Olympics highlights

🏳️‍⚧️: Axios at the Olympics: Games grapple with trans athletesTrans athletes see the Tokyo Games as a watershed moment

Go deeper: Full Axios coverage

Updated 2 hours ago - Sports

Laurel Hubbard becomes first openly trans woman to compete at Olympics

Laurel Hubbard. Photo: Stanislav Krasilnikov\TASS via Getty Images

New Zealand weightlifter Laurel Hubbard made history on Monday as the first openly transgender female athlete to compete at the Olympics.

Why it matters: The presence of trans and nonbinary athletes at this year's Games has been celebrated by LGBTQ+ rights advocates, but stirred controversy among critics, who argue trans women have an unfair advantage even after taking hormones to lower their testosterone.

Index fund investors saved $357 billion over last 25 years

Illustration: Sarah Grillo/Axios

Investors who’ve opted to passively track the stock market haven’t just outperformed most active fund managers. They’ve also saved a ton of money in fees while doing it.

Why it matters: There are loads of active fund managers aiming to beat the returns of funds that track indexes like the S&P 500.