Facebook is offering news content a minimum of 12-month budgets to produce content for its Watch channel . According to Facebook publishing executives who spoke to the social media site , weekly shows were being offered between $ 1 m and $ 2 m , while proposals for daily programming were between $ 5 m and $ 10 m . The insiders said Facebook had begin asking for more weekly pitches , while Alex Hardiman , Facebook ’s head of news product , said Watch would carry “ a mix of daily updates , weekly deep dives , and live coverage " . BuzzFeed , CNN and Vox Media have already pitched pitches .
Facebook is offering news outlets a range of 12-month budgets to produce content for its Watch channel. According to two publishing executives who spoke to the social media site, weekly shows were being offered between $1m and $2m, while proposals for daily programming were between $5m and $10m. The insiders said Facebook had begin asking for more weekly pitches, while Alex Hardiman, Facebook’s head of news product, said Watch would carry “ a mix of daily briefings, weekly deep dives, and live coverage". BuzzFeed, CNN and Vox Media have already pitched ideas.