Facebook to launch news subscription product: TheStreet

Reuters News
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Posted: Jul 19, 2017 9:24 AM

(Reuters) - Facebook Inc plans to launch a subscription-based news product, and will begin initial tests in October, TheStreet reported on Tuesday, citing the social media company's news partnerships head Campbell Brown at a conference.

The feature is likely to allow publishers to create a paywall on Facebook's Instant Articles and guide readers to a publisher's home page to opt for a digital subscription, according to TheStreet report.

The idea for a paywall is based on premium and metered plans and has been in the works for a while, TheStreet said, citing Brown at the Digital Publishing Innovation Summit in New York.

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Facebook did not immediately respond to a request for comment.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Shounak Dasgupta)