Facebook’s News Sub Offering Won’t Have NYT, FT, WSJ, Will Have Tronc, WaPo (Sep 28, 2017)
The Street reports that Facebook’s soon-to-be-launched subscription offering for news publishers won’t have some key newspapers on board at launch, notably the New York Times, The Wall Street Journal, and The Financial Times. It will, though, apparently have the Tronc and Hearst Newspaper Groups, the Economist, and the Washington Post as launch partners. The former group, notably the Times and Journal (and parent company News Corp) have been among the most skeptical about all of Facebook’s news initiatives, and among the most distinctive brands in news, so it’s not a huge surprise that they won’t be on board, but it’s still a bit of a blow. I’d argue, though, that Facebook doesn’t need broad support from newspapers for this program in the same way as an aggregation app like Apple News does, simply because articles from those publishers will still be shared and in some cases posted on Facebook and in some cases carry Facebook ads, they just won’t be monetized through subscriptions. Since Facebook won’t be taking a cut anyway, that doesn’t actually matter all that much.
via TheStreet
The company, topic, and narrative tags below will take you to other posts with the same tags. The narrative link(s) will also take you to the narrative essay which provides additional context behind the post.
Vote for or share this post
Use the Like button below to vote for this post as one of the most important of the week. The posts voted most important are more likely to be included in the News Roundup podcast episode I do each week. Or use the sharing buttons to share a link to this post to social networks or other services.