Stop falling for headlines struggling to get attention. Yes, the permissions allow the app to use your phone to take pictures, videos, send sms, make phone calls, etc. But you know what? Every app that uses those features requires the same permissions! It's not scary. All those headlines are simply misleading, and misinforming the public simply to get more page views, likes, clicks, etc, because those things make them money. Would you care about an article that said "FB Messenger app requires standard permissions!"? Probably not.
To add some perspective here, Google, the company that is responsible for Android, has access to all the same things that these articles are warning people about. They have ALWAYS had it, because it is their Operation System that is on the phone. You log into Google to use the phone, and they store all your contacts and information. Yet, nobody bats an eye about Google having all that information. So think about that when you worry about the standard permission that an app REQUIRES to enable you to send someone a picture, a video, or other. Those permissions are named as such by Google, not Facebook or anyone else.
Facebook even explains it all themselves here: https://www.facebook.com/help/210676372433246