Rupert Murdoch

The newsrooms at the ‘old media’ Wall Street Journal and ‘digital native’ BuzzFeed may not see eye-to-eye on much, but suddenly their bosses have lots to bond over.

That’s because, in one way or another, both News Corp. chairman Rupert Murdoch and BuzzFeed CEO Jonah Peretti believe that Facebook and Google aren’t giving news organizations a fair deal. They want them to pay up for news stories shared on the platforms.

Rupert Murdoch wrote in a statement that Facebook has become “inherently unreliable” and should pay publishers for posting on the site.

In each case, however, it’s not clear whether any single news organization has serious leverage against the duopoly, or the technical wherewithal to actually pull or block all of their content from either platform.

Here’s why Facebook paying media companies is most likely not going to happen.

In other news:

On the topic of Murdoch, the UK’s antitrust regulator said that 21st Century Fox’s planned takeover of Sky isn’t in the public interest on media plurality grounds, the Wall Street Journal reports. The proposed acquisition would give the Murdoch family too much influence in British media, said the regulator.

And on Facebook, the company said it can’t guarantee that social media is good for democracy. An employee wrote a blog post about the company’s response to the latest allegations about Russian meddling in Western democracy.

The rapid spread of a fake trailer for a non-existent ‘Friends’ movie shows that Facebook still has a fake news problem. The fan-made trailer shows how the social network is the perfect platform for misleading posts to go viral as it doesn’t check posts like this.

Netflix blew past subscriber growth targets in Q4, and the stock is soaring to record highs. The company gained 8.3 million subscribers globally, and more importantly, Read More Here