March 2, 2018

Facebook Invests $3 Million in Local News Subscription Accelerator

In January, Facebook CEO Mark Zuckerberg announced that Facebook was making big changes to its social media platform, prioritizing personal posts over business pages, essentially frustrating publishers who use Facebook as a tool for reaching potential subscribers. Facebook is trying to make up for that with a $3 million investment in a three-month pilot program it is calling the Local News Subscriptions Accelerator. Through this program, announced by Campbell Brown, head of news partnerships, on Wednesday, Facebook hopes to help metro newspapers in the U.S. grow their subscriber base.

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Five on Friday: Digital News, Monetizing Social and Crumbling Cookies

In this weeks Five on Friday, the American Press Institute reports that digital news prices are on the rise, Media Post ponders whether the cookie will crumble when GDPR goes into effect in Europe in May, Business2Community shares tips for improving SaaS sales conversion rates, Tronc announces a national digital strategy, and Folio Magazine discusses why it believes monetizing social media is still a pay-to-play proposition that publishers need to leverage to succeed.

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