Facebook Grabs at News Biz

Online readers get 40% of their news through Facebook, according to estimates. At least, that’s where people find the news. Click on a link and you’re launched from Facebook onto the New York Times, Buzzfeed or even KCRW.org. But Facebook doesn’t like it when you click and go to another website. They lose ad revenue that way. So, now they’re telling news outlets to put the whole story on Facebook and promising to share the revenue in return. Is this good news or bad for the news biz?