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It’s a little difficult to tea-leaf the precise motivations of Facebook CEO Mark Zuckerberg in creating agreements with news outlets that will ultimately inject millions of dollars into those failing businesses. Social media, specifically Facebook, has eviscerated advertising revenues in traditional media outlets, particularly newspapers. Craig’s List had already drained the classified advertising revenue from newspapers and Facebook led the way in sucking gobs of display advertising away from the papers — not to mention their own marketplace taking share away from Craig’s list. In response, newspapers have been dinosauric in their business model response, but quick to vilify Facebook…

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