Medium will try to save its media business with subscriptions

Medium is turning a new page in its business.

The digital self-publishing platform will release a consumer subscription product in the next month, Medium CEO Ev Williams announced at the Upfront Summit Thursday. 

"Please subscribe," Williams said on stage. "This quarter, the goal is to launch the first version. It's going to be an upgrade to your Medium experience."

The news comes almost a month after Medium laid off 50 people, a third of its total staff, and closed its offices in Washington, D.C. and New York City. Medium, now over four years old, does generate revenue through advertising, but it hasn't been enough.  Read more...