Today's Must Read - Facebook Earmarks $300 Million For Journalism, Emphasizing Local News
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Wednesday, January 16
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Today's Must Read
[Facebook Earmarks $300 Million For Journalism, Emphasizing Local News](
Donations include a $5 million endowment gift to the Pulitzer Center, $6 million for the UK-based Community News Project and a $20 million expansion of Facebookâs Accelerator, which helps publishers better monetize their audiences. [More.](
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News Round Up
Snap Safety
Some marketers have complained about Snapchat brand safety issues now that itâs transitioned to a self-serve ad platform. Last week, an ad directed to a fake news story about Chrissy Teigen promoting weight loss pills, Digiday reports. And last year, an ad that made fun of Rihannaâs experience with domestic violence was mistakenly promoted. Ad buyers used to laud Snapchat for the premium content in Discover, Snapchatâs curated editorial section. But with more scale comes the need for more oversight. âWhen you consider stewardship and protection, the bar continues to be raised in terms of how an aggregator and social network has to look after its consumers, advertisers and supermodels,â says Jeff Ratner, iCrossingâs chief media officer. âIt is yet to be seen whether or not Snapchat has the tools and sophistication in place to do that successfully.â [More](. In related news, Snapâs CFO is leaving [less than a year]( after taking the job.
InfoWars on Roku
The right-wing content outlet InfoWars, helmed by provocateur and conspiracy theorist Alex Jones, is now available on Roku. Itâs sort of a âwelcome to the clubâ headache for Roku, which will have to develop standards for quality and news on its platform as it scales. InfoWars was banned by YouTube, Facebook, Spotify and Apple last year after it sparked outrage for falsely claiming the 2012 shooting at Sandy Hook was a hoax (among other contentious stories). In a statement shared with AdExchanger, Roku said: âWe are not promoting or being paid to distribute InfoWars. We do not have any commercial or advertising relationship with InfoWars. ⦠While open to many voices, we have policies that prohibit the publication of content that is unlawful, incites illegal activities or violates third-party rights, among other things. If we determine a channel violates these policies, it will be removed. To our knowledge, InfoWars is not currently in violation of these content policies.â [More.](
Just Goes To Shows
Netflix raised its price from $11 per month to $13, as the company juggles costs, potential subscriber growth and profit. Shares jumped 7% during the day. But the price of top programming has gone up dramatically, The Wall Street Journal reports. Netflixâs deal for âFriendsâ went from $30 million in 2018 to $100 million this year, and AT&Tâs WarnerMedia, the rights owner, may pull the show next year once it launches its own streaming service. Other partners-cum-rivals, like Disney or NBCU, are also dropping content from Netflix as they launch streaming rivals, forcing the flix to spend more on originals while it faces tougher competition. [More](. How Netflix balances its costs and profitability has important implications for the advertising ecosystem, since the pervasive theory that Netflix will eventually introduce ads would happen if and when itâs pressured to increase revenue to cover programming costs.
But Wait, Thereâs More!
- [Online Holiday Shopping Soared But In-Store Still An Unknown]( - Bloomberg
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