What you need to know in advertising today

Savannah Sellers and Gadi Schwartz, hosts of the NBC News Snapchat show ‘Stay Tuned.’ NBC News

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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