Stories

Kim Hart May 2
SaveSave story

Facebook's ongoing friction with the news industry

Zuckerberg speaks at the annual F8 summit. Photo: Josh Edelson/AFP/Getty.

Facebook CEO Mark Zuckerberg tried to convince journalists Tuesday that the company is committed to boosting trusted news outlets and supporting journalism as a whole, but didn’t give much reassurance that individual outlets would recoup lost revenue or traffic.

The big picture: The tension is growing between Facebook and media as it controls a large portion of digital ads and is a primary news distributor, but doesn't help newsrooms recoup dwindling revenue. And recent News Feed algorithm changes resulted in a dramatic drop — an average of 20%, Zuckerberg says — of Facebook-generated traffic to media sites.