NBC News doesn’t think very highly of Facebook, and it isn’t holding back.
At an event on Wednesday, the news division’s group chairman, Andy Lack, and its senior vice president of digital, Nick Ascheim, were critical of Facebook’s relationship with the media industry, questioning whether the social network has any real interest in the news business or in dealing with the myriad problems it faces related to fake news and misinformation on its platform.
The two executives expressed a growing frustration about working with Facebook over the years and cast doubt on the prospect that the tech giant would ever help media companies make money. Lack said NBC executives had even taken to calling Facebook “Fakebook.”
To read more about how NBC News execs unloaded on Facebook – while praising Snap – click here.
In other news:
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Former ESPN head John Skipper left the company because he was being extorted, reports the Hollywood Reporter. In a gripping interview, the 62-year-old details a long period of drug use.
Publishers are wary of Facebook’s new push into news video, reports the Wall Street Journal. Some are worried that even if Facebook pays them upfront to make content, they will eventually get cut off with no clear business model.
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