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Facebook is considering an ad-free, subscription version of the site, according to reports in the New York Post and Bloomberg. Almost all of the company’s $41 billion in revenues last year came came from selling ads targeted with user data, and previous internal research indicated that users would not be open to a subscription option. However, things seem to be changing in the post-Cambridge Analytica world. At Facebook’s first-quarter earnings call, both CEO Mark Zuckerberg and COO Sheryl Sandberg said that while the ad-supported model allows the site to reach the most people, the idea of instituting user subscriptions is certainly on the table. Sandberg said that the company has “thought about lots of other forms of monetization including subscriptions.” But Zuckerberg noted that a subscription option would not supplant the existing ad-supported version. “There will always be a version of Facebook that is free,” he said.
“Paywalls are the only future for journalism,” Fraser Nelson, editor of British magazine The Spectator said in a March tweet, and several US publishers are following his advice. Condé Nast recently placed Vanity Fair behind a paywall, now letting readers access four articles a month before shelling out $19.99 for either a print-and-digital or a digital-only subscription. This follows the company’s February placement of content from WIRED behind a similar paywall. Bloomberg, which placed Bloomberg Businessweek behind a paywall last summer, is now looking to construct a $35-per-month barrier to the contents of Bloomberg.com. According to Business Insider, Businessweek’s paywall has driven a 45 percent increase in subscriptions through the site, and traffic to Businessweek is also up 20 percent. Nelson’s The Spectator is, not surprisingly, behind a paywall itself, charging readers £12 (about $16.25) for 12 weeks of unlimited access to its content.
The Atlantic is launching a San Francisco bureau and is bringing in Ellen Cushing as a senior editor in its technology section to help establish and lead it. The new bureau is part of an overall drive meant to boost the publication’s coverage of technology and Silicon Valley. Cushing comes to The Atlantic from BuzzFeed News, where she was an enterprise and tech editor. She led all of BuzzFeed’s enterprise reporting on sexual assault and harassment, as well as managing a team of investigative reporters. Previously, Cushing was a senior editor at San Francisco magazine and staff writer and editor at East Bay Express. In addition to the new San Francisco bureau, The Atlantic says it will grow its coverage of Hollywood and culture, and its politics and policy reporting in Washington. Earlier this year, it debuted a new family section.

Mark Zuckerberg
Boston Globe Media acquires InstaTrac, a company that provides subscription-based services aimed at making government information easier to find, track, and understand... AARP names former New Republic CEO and publisher Michael Caruso as its SVP and chief content officer, unifying the organization's portfolio of media, live events and digital platforms... The Fund for American Studies, an educational nonprofit, awards its inaugural Journalism Excellence Fellowships.
Trump Media and Technology Group Corp. has replaced CEO and former California Congressman Devin Nunes with Kevin McGurn, a seasoned media sales executive.
The Pittsburgh Post-Gazette is being bought by the Venetoulis Institute for Local Journalism, a nonprofit that is the parent organization of the Baltimore Banner... The British Broadcasting Corporation is axing approximately 2,000 jobs, about 10 percent of its work force... Snap, the company behind Snapchat, is also succumbing to layoff fever, announcing plans to lay off 16 percent of its employees, about 1,000 people.
CBS News Radio will go off the air on May 22, part of the axe-swinging managerial plan put into play by CBS editor-in-chief Bari Weiss... The Economist, which was first published in 1843, is changing hands. Canadian billionaire Stephen Smith has agreed to acquire a 26.9 percent stake in the publication from Lady Lynn Forester de Rothschild, her family and family foundation... Nexstar Media Group says it has closed its acquisition of TEGNA, the broadcast, digital media and marketing services company that was formed in 2015, when the Gannett Company split into two publicly traded companies.
USA TODAY brings on Jamie Stockwell as VP of news, effective March 30. Stockwell was most recently deputy managing editor of news for the Washington Post... YouTube expands its likeness detection capabilities to a pilot group of government officials, journalists and political candidates... The AP Fund for Journalism adds 50 news organizations to its local news program, bringing the total number of participating newsrooms to 100. 



