back and forth between mark zuckerberg and robert thompson, news corp ceo. for a long time publishers complained facebook is eating away at their revenue. a lot of articles in the media properties are shared on facebook for free between friends. a lot of people get their news on facebook and other sites as well. so publishers want to get paid since they have to pay reporters to write these articles. seems virtually everybody will be initially on the news service. "new york times," "washington post," "wall street journal," nbc, abc, fox news as well. this time around facebook will pay out licensing fees. depending which media outlet it is from hundreds of thousandssmaller once to millions of bigger ones. "wall street journal" according to news corp properties will generate double digits for publication on facebook. ask why they are launching the news service, zuckerberg says there are other reasons as well. >> part of us being a trusted source it needs to have a diversity of, of basically views in there. so, i think you want to have content that kind of repre

and robert thompson has been a huge critic of facebook. >> and google. >> and google.k, controlling share holder of news corp., he has said they're making money off publishers it's time. for years, mark zuckerberg said, no, we're not going to do it this is a real about face that facebook is doing here. >> do you know how much they're paying >> so they are paying some publishers nothing because the real value is the traffic that they're driving to their websites because you'll get advertising revenue from those eyeballs, as well as potentially the ability to convert people to being paying subscribers sign up for more so it really is reversal for facebook mark zuckerberg is on stage right now talking about how he's so excite committed to backing professional journalism. we have to remember this comes at a time when you just had congress grilling him on the fact that there is a spread of fake news and what are they doing to protect election integrity? >> it's great for them to launch it's great for the publishers involved again, you have to go click on the other little ta

news corps public embrace is a reversal robert thompson said if journalism is a film, the last decadeab ends up being beneficial for publishers or just for facebook. >> your thoughts on this >> i'm kind of a disinterested observer here. >> nor are we. >> i'm happy to see any revenue stream in the way of supporting real journalism. it is really expensive i don't think people know how much work goes into getting real news to make sure it is fair and accurate the other thing i have noticed is digital is so up end of the model. it varies. i have a new york times story. a lot depends on who else links to it. if matt grudge links, the numbers go through the roof and they are not linked to the new york times article >> it's really amazing he was saying in 2018, people don't come to facebook for their news there has been a turnaround from him trying to distance himself to saying, we are going to work with you guys. if they click to link an article, they are moving over to new york times that is the question do people want to read professional news on facebook. >> it is the platform. certainly

david: facebook's ceo is mark zuckerberg, right now sitting down with news corp ceo robert thompson talking issues. let's listen in. >> -- a lot of other folks over the years helped shape my thinking on this. just to give maybe a few minutes up front on kind of from my perspective why i think this is important in the journeys to have gotten here -- >> i just have one question. what took you so long? >> after the last few years, i now have an appreciation that that is the nicest thing you could have said. because that means that he thinks we actually did something good as a journalist, only ask what took so long when you actually have some agreement with what this thing is. otherwise the question would have been immediately diving into why are you still getting all this stuff wrong. i will take that as a compliment. so you know, i believed for a long time, it's very clear that the work that you all do in the news industry and journalism is obviously critical for democracy. i care about giving people a voice so people can share their own experiences, they can share their opinions on things, b

this afternoon, zuckerberg will take the stage here in new york with robert thompson he has criticizedacebook from profiting from his content without paying for it. they'll join together to talk about this >> you think this is a fundamental shift here >> he said has, people don't come to facebook for news. they come to see babypictures. it is a meaningful deal for those so frustrated with facebook for so long >> the media has been angry and upset with facebook not just for the things we talk about around privacy and everything else but the idea that they are stealing their business this is something they've been talking about saying facebook has taken our content. google will be next. they've made some is changes we'll see what happens after that >> thank you >> coming up, a big lineup from the baron investment conference. >> you are telling the truth >> ceo of brookfield management and the ceo of msci and a lot of quesontis for tesla chair. you don't want to miss it. through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. f

robert ray, knight and thompson partner and former independent counsel into the whitewater investigationstill ahead, the stock of the hour. we are looking at first solar. coming back because of tariff issues. power" is now broadcast on bloomberg television radio from 12:00 to 1:00. that is followed by a brand-new radio hour from 1:00 to 2:00 eastern. from new york, this is bloomberg. ♪ david: this is balance of power on bloomberg television and radio. our stock of the hour is solar panel maker for solar. shares are coming down from an early spite after the white house rescinded a plan to exempt some solar panels from tariff like -- from tariff hikes. here to explain his romaine bostick. it was up and then it was not up? romaine: the trump administration imposed tariffs in january 2018, then they -- it allowed cheaper asian manufacturers do come into the market. what they did friday was essentially take that exemption back. you would think this would be a positive for the u.s.-based solar power makers, but what has happened is the market realized a lot of buyers of the solar panels are wi

legal attorney robert allard said sex abuse victims often suffer from intimidation, embarrassment, repressed memory and fear and that was the case for a swim team member, jancy thompson, who filed suit against her swim coach for sexual assault in 2011. >> i couldn't figure out what caused the anxiety and panic attack and the triggers and the nightmares and the sweating. i started piecing it together and realized that, oh my gosh, this was related to the abuse i endured when i was younger. >> reporter: beginning in january, the new law opens a three-year window for sex abuse claims no matter when the alleged crime took place and starting in 2022, it ups the statute of limitations from 26 years of age to 40. >> there are police all over the state that have been aching for a chance to do something and a big part of healing is stopping the cycle. >> reporter: joelle sued the catholic church in 2003 and said the signing shifts legal power and puts on notice institutions that knowingly capitulate illegal behavior. >> i survived sexual abuse and now we can expose people who hurt children and the institutions who covered up the abuse. >> it helps the victims who want to see

expert, attorney robert allen, says sex abuse victims often suffer from intimidation, embarrassment, repressed memory, and fear. that was the case for former usa swim team member, nancy thompson swim coach for sexual assault in 2011. >> i cannot figure out what was causing the anxiety and panic attacks, the triggers, the nightmares, the sweating, until i started piecing it together and realizing oh my gosh, this was related to the abuse that i entered when i was younger. >> reporter: beginning in january, the new law opens a three-year window for sex abuse claims, no matter when the alleged crime took place. that started in 2022, eight of the statute of limitations from 26 years of age to 40. >> there are people all over the state who have been aching for a chance to do something. a big part of healing is stopping the cycle. >> reporter: she successfully sued the catholic church in 2003. she says newsom's power signing shifts power. >> survivors of child sexual abuse, the balance of power has changed, now they have the right to expose the people who hurt them, as well as the institutions who covered up that abuse. >> it helps all the victims out there who want to seek justice