Apple, Facebook Worry Old Media with Moves Into News

Financial Times: Apple and Facebook have announced news services that could potentially create an important revenue stream for publishers, broaden their readership and eventually offer them a direct path to paying subscribers. But there are concerns that Apple News and Facebook Instant Articles — which are not paying for the content — will chip away at the notion of a newspaper or magazine website as a standalone brand to be digested whole, rather than broken up into individual stories and scattered across different apps. Publishers have also privately voiced concerns about the power Apple and Facebook will wield and the potential harm the new aggregation services could cause to paid subscription models.