Facebook plans to launch a subscription-based news product, and will begin initial tests in October, TheStreet reported, citing the social media company's news partnerships head, Campbell Brown. 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, said the report on TheStreet.
The idea for the 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.
