Facebook signs up partners for German news product, but Springer baulks


FILE PHOTO: A 3D plastic representation of the Facebook logo is seen in this illustration in Zenica, Bosnia and Herzegovina, May 13, 2015. REUTERS/Dado Ruvic

BERLIN (Reuters) - Facebook signed up a string of German media partners on Monday to provide content for a local news product, but the publisher of the country's best-selling newspaper said it would not take part on terms it dismissed as derisory.

Described as a "dedicated venue for journalistic content", Facebook News will feature reporting from heavyweight weeklies Die Zeit and Der Spiegel, and daily newspapers including the Frankfurter Allgemeine Zeitung, Handelsblatt and Tagesspiegel.

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