Rupert Murdoch, the executive chairman of News Corp., wants Facebook Inc. and Alphabet Inc.’s Google to pay trusted publishers of news a fee to carry their journalism. “There has been much discussion about subscription models but I have yet to see a proposal that truly recognizes the investment in and the social value of professional journalism,” Murdoch said in a statement. Facebook, over the last year has come under fire for allowing special interest groups to flood its feeds with false information and made up content. The company has made recent efforts to ease concerns and promote community trusted news sources. “If Facebook wants to recognize ‘trusted’ publishers then it should pay those publishers a carriage fee similar to the model adopted by cable companies,” Murdoch said. “The publishers are obviously enhancing the value and integrity of Facebook through their news and content but are not being adequately rewarded for those services.” MarketWatch is a unit of News Corp, which shares ownership with 21st Century Fox. Shares of Facebook are up more than 42% in the last 12 months and Alphabet shares have gained more than 40%. By comparison, the S&P 500 index is up nearly 25% and the Dow Jones Industrial Average is up 32%.
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