Facebook is eating the world - Columbia Journalism Review
▻http://www.cjr.org/analysis/facebook_and_media.php
The largest of the platform and social media companies, Google, Apple, Facebook, Amazon, and even second order companies such as Twitter, Snapchat and emerging messaging app companies, have become extremely powerful in terms of controlling who publishes what to whom, and how that publication is monetized.
To be sustainable, news and journalism companies will need to radically alter their cost base. It seems most likely that the next wave of news media companies will be fashioned around a studio model of managing different stories, talents, and products across a vast range of devices and platforms. As this shift happens, posting journalism directly to Facebook or other platforms will become the rule rather than the exception. Even maintaining a website could be abandoned in favor of hyperdistribution. The distinction between platforms and publishers will melt completely.
