BuzzFeed CEO: Google, Facebook Should Share More Revenue

LAGUNA BEACH, Calif.—Tech giants Facebook Inc. and Alphabet Inc.’s Google will have to find better ways to share revenue with media companies to support quality content, said BuzzFeed Chief Executive Jonah Peretti.

“The business model of news is changing, and if Google and Facebook take all the revenue but don’t want to pay for the fact checking, the reporting, the more-intensive investigations, who does that work?” Mr. Peretti said Wednesday at The Wall Street Journal’s WSJ D.Live technology conference. “I think Google and...