After years of fighting or ignoring media companies, Google and Facebook have become patrons to news.
May 11, 2020

Today marks 61 days of a global pandemic and the economic downturn accompanying this time has Facebook and Google singing a completely different tune than they were just a year ago. In February 2019, Facebook's point person on the news industry, Campbell Brown, told publishers that "Facebook cannot be the entire solution to your problems." Google just as equally wanted publishers' content to attract and retain users, but they didn’t want to pay for it. Now, Facebook and Google have pivoted to become patrons to news. Read more below.

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After years of fighting or ignoring media companies, Google and Facebook have become patrons to news.
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Verizon Media's value to Verizon itself isn't just as a media arm that can send user data or benefits back to the conglomerate. Rather, its base of 900 million monthly active users is significant enough to bring value just across Verizon Media's properties, including Yahoo, TechCrunch, AOL and HuffPost, according to CEO Guru Gowrappan.
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