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Facebook launches effort to help boost newspaper subscriptions

WASHINGTON: Facebook on Tuesday announced a US$3 million pilot project aimed at helping US newspapers boost paid digital subscriptions. The move was the latest by the huge social network to respond to concerns that it and other online platforms have hurt news organisations by dominating Internet advertising. The "local news subscriptions accelerator," part of the its Journalism Project, will work with a small group of metro news organisations "to unlock strategies that help publishers build digital customer…

Facebook joins effort to boost newspaper subscriptions

WASHINGTON: Facebook announced Thursday initiatives to help struggling news organizations gain paid subscribers, following a similar move unveiled earlier this month by Google. The social network giant said it will test "premium news models" for organizations that deliver their content on Facebook, to enable the publishers to have more control over pricing, subscriber relationships and revenue. "Earlier this year, many publishers identified subscriptions as a top priority, so we worked with a diverse group of partners…

Netflix subscriptions boom around world, shares jump 20 percent

Netflix Inc added over 50 percent more subscribers than expected in the third quarter as original shows such as "Stranger Things" drew new international viewers and kept U.S. customers despite a price hike, sending its shares soaring 20 percent in late trade. The company's performance represented a turnaround from the previous quarter of disappointing subscription growth. Netflix, which has spent heavily to expand outside its home market, also said that it was on track to start harvesting "material global profits" next…