Facebook plans sweeping changes to newsfeed

Facebook is planning sweeping changes to its newsfeed, as Mark Zuckerberg pledges to help users have more meaningful social interactions on the platform by prioritising posts from friends and family at the expense of those from publishers. Mr Zuckerberg said users would see less public content “like posts from businesses, brands and media”. This content would be prioritised based on whether it encouraged interactions between people, rather than “passively read”.

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Financial Times surpasses 700,000 digital subscribers and boasts highest readership in 130-year history

The Financial Times claims to have exceeded 900,000 ‘paying readers’ for the first time. The title has seen a surge in digital subscribers since April when it revealed the total stood at 650,000, up 14 per cent year on year. At the time it said Brexit and the US presidential election appeared to have particularly fuelled subscriber growth

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Advertising companies struggle to adapt to a new world

It has been a miserable year for the holding companies that own the world’s largest advertising groups, with shares in WPP, Publicis, Omnicom and Interpublic Group all down sharply over the past 12 months. Consumer groups are rethinking their marketing spending while unease about the effectiveness of digital advertising has damped investor spirits. With advertising’s Mad Men in danger of becoming sad men, what future is there for the holding companies? Their business model, which has traditionally brought together creative agencies, media buying and planning groups, is under attack on multiple fronts.

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Amazon now has a $1 billion ad business

Amazon is making good on its promise to eat advertising. In its third-quarter earnings report today, the e-commerce giant said it saw “other” revenue, which is mostly composed of ad sales (and to a much smaller extent, its credit card business), grow 58 percent year over year to $1.12 billion. That’s a slight increase from the growth rate in the prior second quarter, when it grew 53 percent year over year

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Closure of UK’s tenth biggest selling mag Glamour is a huge blow to the power of print

With 260,422 sales a month Glamour was the tenth biggest selling magazine in the UK as ranked by ABC. So news that its monthly edition is to close at the end of the year is a huge blow to the power of print magazine publishing. Glamour has fallen a long way since it burst on to the UK publishing scene in 2001, back in the days when publishing innovation was largely about changing the size of paper used

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