According to the report, Meta spent about $105 million on three-year news content deals (plus another $90 million on news videos), including $10 million for the Wall Street Journal, $20 million for the New York Times, and $3 million for CNN in deals that sometimes included unlocked access to paywalled content. The Wall Street Journal earlier claimed that the growth of laws compelling Facebook and other internet firms to pay for news was to blame for the company’s dwindling excitement, and quoted a source today who said the sponsored news push was an “experiment that eventually failed.”
