Facebook Can’t Find Enough Local News for its Platform

Facebook is in a bit of a dilemma when it comes to news. Back in November it launched a feature called Today In, which would give people local news in their area. But the company is having trouble filling Today In with enough news, and this is because Facebook is a big contributor to the demise of news.
Today In may be live in 400 cities, but it’s unavailable across large parts of the country that perhaps most need it, namely, those with few or no local newspapers. Of course, Facebook contributed heavily to death of so many local news outlets as a large portion of advertising spending shifted from legacy media to the web, leading to dwindling newspaper revenue. Facebook isn’t the only reason hundreds of outlets have bitten the dust. Consolidation and mergers have played a role, but the likes of Facebook and Google have certainly been key factors.