Change of direction for FT.com?

PaidContent.org reports that FT.com may be considering dropping its subscription approach. It says The Guardian reported Pearson CEO Marjorie Scardino admitting that FT.com was finding it hard to keep up with the growing online debate as a subs site. New FT Group ceo Rona Fairhead was going to be “re-examining the model”, said Scardino. FT.com had 86,000 subscribers in June, 11% up on the same month last year.

AOL to Cut Up To 5,000 Jobs – official

According to WSJ.com AOL has finally confirmed it is to cut up to 5,000 jobs ,or a quarter of its global work force, within six months as the company restructures its business to draw more online advertising dollars.

The announcement, which was well trailled, came a day after the Time Warner Inc. unit said it would no longer charge high-speed Internet customers for email and other services.

An unknown number of European employees will still have jobs but with a different company as AOL looks to shed its Internet access businesses in France, Germany and the U.K. AOL currently has 3,000 access employees in Europe.”

CNN goes for UGC

The Lost Remote TV Blog reports on CNN’s decision to open up to user-generated content.

Called CNN Exchange and powered in part by Blip.tv, the section combines CNN.com’s blogs and message boards with user-submitted video, photos and comments, or I-Reports. “User-generated content has the potential to play a pivotal role in journalism whether it’s online or offline,” said Mitch Gelman, senior vice president and executive producer for CNN.com.

Note: Blip.tv is one of the video sites that was recommended at the BlogHer conference as an alternative to YouTube , according to Robert Scoble, following the recent fuss about its new Ts & Cs (giving YouTube rights over everything you post)