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Facebook Offers Life Raft, but Publishers Are Wary (NYT)
"The social media company is increasingly becoming to the news business what Amazon is to book publishing — a behemoth that provides access to hundreds of millions of consumers and wields enormous power. About 30 percent of adults in the United States get their news on Facebook, according to a study from the Pew Research Center. The fortunes of a news site, in short, can rise or fall depending on how it performs in Facebook’s News Feed."
How Facebook Is Changing the Way Its Users Consume Journalism - NYTimes.com
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