Facebook working on way to charge for reading news articles

News on Facebook may soon cost you.                  Getty Images

News on Facebook may soon cost you. Getty Images

Campbell Brown, who was hired earlier in the year to head up Facebook's partnership team, discussed this subscription service at yesterday's Digital Publishing Information Summit in NY, according to The Street. And that idea could become a reality as early as October, according to Campbell Brown who heads up the social network's new partnerships business.

Facebook confirmed Brown's remarks, which were reported by the business website The Street.

The News Media Alliance that represents roughly 2,000 US' national and local newspapers, including The New York Times, The Wall Street Journal and The Washington Post, has started reaching out to Capitol Hill to sound out the chances for an exemption. The new traffic comparison tool will be available to all publishers who have posted enough Instant Articles and mobile stories to measure the difference, according to the release. According to new reports, Facebook is planning to implement a subscription service that essentially allows publishers to put a paywall in front of their articles on the platform.

"And that is something we are doing now".

Philip Hammond defends claims he called public-sector workers 'overpaid'
But an unnamed minister was quoted in this morning's papers stating that Mr Hammond was attempting to derail Brexit. Johnson is among ministers who've suggested the Treasury's cap on public-sector pay should be eased.

Facebook will also give access to publications to all subscriber data through which they can understand their audience better. "We are launching a subscription product".

It is unclear, however, how payments will be handled and if Facebook would take a cut of subscription sales.

Only last week, some of the world's leading news organisations including the Associated Press, New York Times and Wall Street Journal, along with thousands of other news publishers joined forces under the News Media Alliance trade organisation to petition Congress over claims that publishers are unfairly compensated from Facebook and Google for publishing news content.

"We've been briefed and are continuing to evaluate if we're going to participate", a senior executive at The New York Times told Digiday, which reports on media and marketing industries. The news of this subscription was announced by a top Facebook executive almost a week after 2000 publishers in the U.S. formed the News Media Alliance to get an anti-trust exemption from the congress party just to negotiate over advertising revenue with digital platforms.

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