The company will share new data with the four major US television networks in hopes of attracting more advertising dollars. September 30, 2013 9:01 AM PDT Facebook is making a move on television networks. The social network on Monday will start providing new data to the four largest television networks in the US -- CBS, Fox, ABC, and NBC -- in an attempt to attract more advertising dollars to its service, the Wall Street Journal reported on Monday, citing Facebook officials. The social network will also provide its data to a precious few other television partners. CNET is owned by CBS. According to the Journal, the data Facebook will share will revolve around "actions" that users take on the site, including likes, comments, and shares, related to a particular television episode. That data could then be tied to advertising initiatives. Related stories See the faces of all 1.2 billion Facebook users, including yours Does Facebook prolong heartbreak? Facebook takes a hint with new formula for ads Candy Crush maker said to file for IPO Facebook wins $3M injunction against spammer Facebook isn't alone in its desire to attract more television advertisers. Twitter has been making significant inroads into that space over the last year, and has provided data to networks to show how their shows and ratings are being impacted by tweets. Twitter's efforts were bolstered last month when Nielsen revealed that there's a direct causation between Twitter usage and TV ratings. The company found that 29 percent of the 221 shows it analyzed showed "statistically significant changes" in live ratings because of a heavier volume of tweets. Conversely, 48 percent of the episodes it evaluated showed a similar "significant" impact on tweets when a show was particularly popular. Facebook, of course, believes that actions taken on its own site similarly impact ratings. The latest data dump could help the company prove that. In the future, Facebook plans to add more data, including how many people saw a particular activity related to a show, the Journal says.
The company will share new data with the four major US television networks in hopes of attracting more advertising dollars.
Facebook is making a move on television networks.
The social network on Monday will start providing new data to the four largest television networks in the US -- CBS, Fox, ABC, and NBC -- in an attempt to attract more advertising dollars to its service, the Wall Street Journal reported on Monday, citing Facebook officials. The social network will also provide its data to a precious few other television partners.
CNET is owned by CBS.
According to the Journal, the data Facebook will share will revolve around "actions" that users take on the site, including likes, comments, and shares, related to a particular television episode. That data could then be tied to advertising initiatives.
Related stories
- See the faces of all 1.2 billion Facebook users, including yours
- Does Facebook prolong heartbreak?
- Facebook takes a hint with new formula for ads
- Candy Crush maker said to file for IPO
- Facebook wins $3M injunction against spammer
Facebook isn't alone in its desire to attract more television advertisers. Twitter has been making significant inroads into that space over the last year, and has provided data to networks to show how their shows and ratings are being impacted by tweets.
Twitter's efforts were bolstered last month when Nielsen revealed that there's a direct causation between Twitter usage and TV ratings. The company found that 29 percent of the 221 shows it analyzed showed "statistically significant changes" in live ratings because of a heavier volume of tweets. Conversely, 48 percent of the episodes it evaluated showed a similar "significant" impact on tweets when a show was particularly popular.
Facebook, of course, believes that actions taken on its own site similarly impact ratings. The latest data dump could help the company prove that. In the future, Facebook plans to add more data, including how many people saw a particular activity related to a show, the Journal says.
