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Facebook to launch news subscription product: TheStreet

SAN FRANCISCO: Facebook 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…