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Facebook says it doesn’t need your news stories — www.theguardian.com

In response to the Australian Competition and Consumer Commission Facebook has rejected a proposal to share advertising revenue with news organisations. In a massive 'F*** You' to the news industry, it said there would “not be significant” impacts on its business if it stopped sharing news altogether.'

If you listened to Will Gore talk about the Facebook-funded Community News Project a couple of weeks ago on the podcast you might have been a little more optimistic about the platform's long-term intention to support news producers. And Facebook have certainly spent some cash supporting journalism in the US and Europe.

But their support has always been on their terms and government regulation of the type the Australian Government is proposing doesn't sit well with The Great and Powerful Zuck. Emily Bell even wonders, could they just be paying lip service to supporting journalism?

UK magazine newsstand in crisis — flashesandflames.com

UK magazine sales have dropped, year-on-year, by between 10% and 18% for 10 consecutive weeks. The numbers for supermarkets are even worse and Colin Morrison is worrying that, for many shoppers, the magazine buying habit has been broken.

Publishers prioritise subs volume over revenue — digiday.com

Digiday is reporting on a widening gap between subscription volumes and subscription revenues. Record traffic is slashing acquisition costs, but offers have cut average revenue per subscriber by almost 60% according to subs platform Zuora.

“It’s so hard to be a person of color at this company" — www.nytimes.com

Employees at Condé Nast have publicly complained about racism in the workplace and in some content. Chief executive Roger Lynch and Artistic Director Anna Wintour have apologised, but continue to face questions about past behaviours.

This week's podcast

LA Times Audience Engagement Editor Adriana Lacy on using archival content to contextualise current events — voices.media

Adriana launched a dedicated Instagram account for the LA Times' archival photos late last year, so we talked about where those images are sourced from, what the response has been, and how they've used historical images of protests to add context to the events of the past few weeks.