Facebook will spend between $1 billion and $2 billion on original content in the next year, say analysts, with the goal of transforming Watch, its interactive video channel into a “TV-like habit” that brings in advertising dollars. Tarnished by the fake news it disseminated, Facebook has funded ABC News, CNN, Fox News channel and Univision to create news programs that will go live this summer. The shows will feature personalities such as Fox News’ Shepard Smith and CNN’s Anderson Cooper. Continue reading Facebook to Spend $1B–$2B on Original Content This Year

In the wake of ending Trending Topics, Facebook is amping up its Watch platform, and plans to pay TV news organizations ABC News, CNN, FOX News Channel and Univision to create original content. Facebook will also fund original content from local news publisher Advance Local; and digital media companies ATTN: and Mic. Content that includes breaking news, daily news briefings and longer-form series will debut this summer. Campbell Brown, Facebook head of global news partnerships and a former CNN host, is leading the project. Continue reading Facebook Pays for Watch Content From ABC, CNN and FOX

“Shepard Smith Reporting” will debut on Monday afternoon featuring a new state-of-the-art “Fox News Deck” studio that Smith will also use to deliver breaking news updates during different programs. The concept is to deliver news updates during the day as they happen. Fox released a video of the studio, which includes giant touch screens and innovative software that will allow Smith and his team to efficiently track news stories on social media. Continue reading Fox Creates Innovative Studio to Deliver News as it Happens