Fascinating development, in many ways a brilliant move by Facebook... and yes, lots of possibilities for changing the publishing landscape. I agree about the potential new era in publishing.
Many upsides for publishers. The platform is designed from the ground up for the venue and for the web, to provide a potentially stunning rich-media experience, preloaded for speed (including all those ads the newspapers run, and the social connections wired into Facebook) and designed for monetization and engagement. Publishers get to keep the ad revenue for ads they sell on the stories, are free also to run the stories on their own sites, and Facebook will be sharing its data with them.
Huge potential audience, which I think that Facebook is demonstrating it can target extremely well. In my own FB surfing, some of the most compelling news selections I'm encountering are in the related stories on my News Feed... sponsored news stories that Facebook's algorithm has selected as related to stories that my FB Friends have shared. Some of these recent FB recommendations have been uncannily right on. Facebook gives me a feedback button to tune its selections, so if they're getting it wrong, they should learn about it quickly.
I can imagine that with a platform as good as this one promises to be, this is going to be a very powerful publishing and advertising platform. These new Facebook "living pages", as someone described them, are way, way ahead of the old Google News page flip view (whatever they called it) from several years back, which now seems embarrassingly lame in comparison. Facebook has gone for something that uses the strongest interactive features of the web... not tried to remind us that once upon a time we read this stuff on paper and turned pages.
To get a sense of what that presentation is going to be like, check out this Facebook preview article and three-minute video, which are very well done. This is the only preview material I've seen thus far, and the glimpses are impressive....
Instant Articles http://instantarticles.fb.com/ [instantarticles.fb.com]
A new way for publishers to create fast, interactive articles on Facebook.
One of the things I wondered when I saw the list of participating publishers... names like the NYT, National Geographic, NBC and The Atlantic... was "why do the need help?". The answer is in the platform that Facebook has come up with, which is the publishing platform in the right place at the right time.
I would not be surprised if much of the inspiration for the platform, if not also some of the personnel, came from Ev Williams'
Medium.com, a web based publishing platform that has already influenced a lot of other web publishers and perhaps web journalism and design in general.
Making some guesses based on what I'm seeing in the above Instant Articles presentation, I can imagine that the platform itself includes JQuery-like libraries of routines that can be used to spice up elements in a page, create seamless transitions, and I'd expect that the features will evolve over time. If it's as good as I think it might be, it's going to add a lot of whistles and bells to the media that the publishers own but haven't yet really enhanced for presentation.
I think of these enhancement routines as effects modules. Keep in mind that Facebook has previously purchased Instagram, and I believe has retained its team... and most recently it has bought Oculus Rift... so presentation certainly looms large in FB's future.
It will be up to the publishers to retain substance without getting sidetracked by the eye-candy. The branding issue I'm sure will play a big part in the success of the platform... and the question is whether the success is large enough to benefit both Facebook and publishers. From what I've read, I sense that all of the parties involved understand this too.