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10/19, 8:30 AM (Source: TeleTrader)
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Facebook including News Corp. media in new feed

News Corp., publisher of the Wall Street Journal and the New York Post, said it inked a licensing agreement with Facebook Inc. for the social media operator's planned news feature. There was no word from either side about particular fees.

The technology giant has vowed to pay some of the media organizations for using their material, where anonymous insiders claimed it would be a quarter of the two hundred organizations it cooperates with. Its founder and chief executive Mark Zuckerberg praised the "award-winning journalism" obtained with the deal, AFP said. The news tab is apparently scheduled to go live within weeks.

News Corp. also runs MarketWatch, Barron's, the Sun and the Times.

Breaking the News / IT