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Facebook’s proposed budgets for Watch news shows range from $1 million to $10 million

May 10, 2018 / Sahil Patel

As Facebook looks to recruit news publishers for daily and weekly shows for Facebook Watch, the company is proposing a wide range of budgets depending on the type of programming. For now, Facebook has committed to fund news programming for Watch for a year. Generally speaking, the company is proposing budgets that range from $5 million to $10 million annually for daily news programming; for weekly shows, Facebook is willing to pay around $1 million to $2 million, though those budgets are largely based on costs per episode rather than an annual fee, according to two news publishing execs who have been briefed by Facebook. With the shows set to debut sometime this summer, the Facebook Watch news initiative is led by the platform’s head of news partnerships, Campbell Brown, who is armed with a $90 million budget aimed at shows that feature well-known news anchors and journalists, according to a recent report from The New York Times. An array of digital and traditional news outlets, ...