Facebook: Fourth Largest Online News Site
Facebook has crept up to be the fourth largest distributor of news content on the Internet. Last year less than 0.5% of visits to news and media sites came from Facebook, according to Experian Hitwise. Just last week, 3.5% of visits to sites in the news and media category came from Facebook.The Wall Street Journal and The New York Times are already publishing content to the platform and it is likely that other news and media sites will adopt the Facebook platform. Facebook is behind primarily Google, Yahoo! and MSN where people go to get their news online. Last year Facebook overtook Google News rising from just over 1% in January 2009 to 3.5% last week.
Data released from Nielsen recently showed that in December 2009, Facebook had close to 120 million US users and that average time spent on the site increased by 200% over December 2008. This increased time on the site is having repercussions on how people consume media and as result an increasing number are learning about breaking news through friends’ status updates. Malorie Lucich, a spokeswoman for Facebook, blogged: “As news quickly travels, your friends are often the best filters you have for surfacing meaningful news. They are how I heard about Michael Jackson’s death, President Obama’s Nobel Peace Prize and even ‘Balloon Boy’. Facebook is now encouraging users to set up personalised news channels - yet another reason why we should watch this space.
Sources: Brand Republic and Digital Beat
























