Bloomberg: Media Companies Are Getting Sick of Facebook

Bloomberg: Media Companies Are Getting Sick of Facebook. “Facebook’s latest pitch to publishers such as CNN is for them to provide a regular stream of TV-quality, edited, original videos that will give Mark Zuckerberg’s company a chance to compete with YouTube to siphon some of the $70 billion pouring into TV ads each year. In exchange, the publishers can share some of the revenue for ads that roll in the middle of the videos. Facebook will control all the ad sales. It’s getting tougher for CNN and others to view these arrangements as mutually beneficial.”