More than 60% of millennials and more than 50% of Gen-Xers get their political news from Facebook.  Further, the social media giant has a daily reach that dwarfs that of traditional media outlets, like the New York Times or CNN.  Given its central role in the news world, Matthew Ingram of Fortune magazine posits that it’s time for Facebook to get serious about its role and responsibilities as a media company and how its mode of doing business not only impacts national news and debate but also the nature of its content partnerships with major media outlets.

Source: Facebook Must Own Up to Being An Increasingly Powerful Media Outlet – Fortune