Exclusive: Facebook to launch a Local News Subscription Accelerator (Axios)

Axios: Exclusive: Facebook to launch a Local News Subscription Accelerator. “There’s a newfound focus on subscription revenue within the media industry, as advertising dollars become harder to rely on due to Google and Facebook’s dominance in that space. The pilot program is designed to help publishers learn about what works to drive people to subscribe to local outlets. The Accelerator will work with 10-15 metro news organizations to unlock strategies that help publishers build digital customer acquisitions on and off Facebook.”