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Facebook to partner with major media companies for ‘Facebook News’

News Corp CEO Robert Thomson and Facebook’s Mark Zuckerberg will share a stage in New York City on Friday to discuss plans to feature news stories from major media companies on the social network.

“Facebook News” will be reachable through a new tab on its app and will present a personalized range of stories from outlets including The Post, the Wall Street Journal, Fox News, the New York Times, the Washington Post, USA Today, ABC News and NBC News, according to reports.

“Journalism is important for our democracy and for making progress on issues together. But the internet has disrupted the traditional business model for news, so I believe the major internet services have a responsibility to partner with news publishers to build sustainable long-term models to fund this important work,” Zuckerberg said in a prepared statement.

Thomson said that “Facebook deserves credit for recognizing the principle of journalistic provenance.”

“Mark Zuckerberg seems personally and professionally committed to ensuring that high quality journalism has a viable, valued future,” Thomson said.

“It is absolutely appropriate that premium journalism is recognized and rewarded.”

The “Facebook News” tab, which launches Friday, will initially be rolled out to 200,000 Facebook users, according to the Wall Street Journal.

Terms of the deals between Facebook and the news publishers have not been disclosed.

Thomson and Zuckerberg’s 1 p.m. appearance at the Paley Center for Media will be livestreamed on Zuckerberg’s Facebook page, at http://www.facebook.com/zuck.

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